| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The LIGHT.CMD/USD pair remained stable during last week's trading session. The oil prices traded below the $64 mark during the last week.
Technical indicators flash sell signals on both the 4(H) and daily time frames charts. Therefore, it is likely that the Light crude oil prices would continue to move south during the following trading sessions. The short-term targets for bearish traders will be near the $59 region.
On the other hand, the crude oil prices might reverse from the current level at 61.66 and aim for a resistance cluster formed by the combination of the 100– and 200-hour SMAs at 63.04 before the end of this week's trading sessions.