Crude Oil (LIGHT.CMD/USD) Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
LIGHT.CMD/USD is in a clear short-term bearish downtrend, strictly contained within a descending channel following its drop from recent highs near 94.00. Price remains well below the downward-sloping 24-period SMA, signaling strong overhead pressure, with immediate horizontal resistance sitting at 86.00 and key channel resistance near 88.30–88.50. On the downside, immediate support holds at 82.50–83.00, a clean break below this zone opens the door to 80.00, while a bullish reversal would require a decisive breakout above 86.00 to target 87.30 and beyond.





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