| 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) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Light crude oil prices have depreciated about 9.30% in value against the US Dollar since last week's trading sessions. The pair tested the bottom border of an ascending channel pattern at 57.66 on May 23.
The pair was trading near the lower boundary of the channel pattern and could be set for a breakout.
If this breakout occurs, a decline towards the $53 mark could be expected during the following trading sessions.
However, if the channel pattern holds, bulls could pressure the commodity higher in the nearest future.