Light Sweet Crude Oil DECEMBER 2020 is quickly approaching 40.3700. We expect either a breakout through this line, or a rebound.

Light Sweet Crude Oil DECEMBER 2020 is heading towards a line of 40.3700. If this movement continues, we expect the price of Light Sweet Crude Oil DECEMBER 2020 to test 40.3700 within the next 17 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.