| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
The Light crude oil prices have surged by 22.53% since the beginning of November. The commodity breached a resistance level at 41.81 during this week's trading sessions.
All things being equal, the crude oil prices could continue to edge higher in an ascending channel pattern during the following trading sessions. The potential target for bulls would be at the $45 mark.
However, the weekly R2 at 42.50 could provide resistance for the LIGHT.CMD/USD exchange rate in the shorter term.