| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
Bullish momentum dominated the Light crude oil prices during the past week. The commodity has rallied about 6.91% in values during this short period of time.
Currently, the LIGHT.CMD/USD is located near a traditional weekly resistance level at 57.31.
Technical indicators flash bullish signals on both the smaller and larger time frames. From a theoretical point of view, the pair is likely to breach the weekly resistance level as mentioned above.
However, if the resistance level holds, the pair could aim for a support level at the 54.29 area during the following trading sessions.