| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Light crude oil prices have edged higher by 7.54% since October 21. The commodity breached the 50-, 100– and 200– period SMAs during last week's trading sessions.
The US crude futures are currently trading in a narrow descending channel pattern. Most likely, the LIGHT.CMD/USD pair could continue to trend in the narrow channel during the following trading sessions.
However, the weekly support level at 38.04 could provide support for bears within this week's trading sessions.