| 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 | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Light crude oil price bounced off a support level formed by the weekly support level at 71.75 on June 29. As a result, the commodity has surged by 5.61% during this period.
The US crude is currently trading near a resistance level at 76.00. If the resistance line holds, short traders could drive the price lower during the following trading sessions.
However, if the LIGHT.CMD/USD pair breaks the resistance level at the 76.00 area, a surge towards the $78.00 mark next week.