| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The Light crude oil has continued to trade in a junior ascending channel pattern against the US Dollar. The commodity price tested a resistance level at 52.83 a few days ago.
Currently, the LIGHT.CMD/USD is trading near the resistance level has mentioned above.
If the resistance line holds, the pair will make a brief retracement towards the 200-hour simple moving average at 49.75.
Although, if the price passes the weekly R1 at 52.84, it is likely that bullish traders could aim for the upper boundary of the channel pattern at 53.94 during the following trading sessions.