Crude Oil Techical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
LIGHT.CMD/USD 1-hour chart shows a strong, accelerating bullish uptrend that has recently entered a minor consolidation phase near the $80.560 level, just below immediate resistance at $81.20. The steeply rising 30-period SMA at $77.370 confirms robust upward momentum, though the wide gap between the current price and the average suggests the market may consolidate sideways or experience a brief pullback to digest recent gains. If buyers can break and hold above $81.20, it signals a continuation of the rally, while any deeper corrective pullbacks are likely to find strong structural support at $75.90 and $72.55.





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