The breakout of Light Sweet Crude Oil APRIL 2021 through the 64.8500 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Light Sweet Crude Oil APRIL 2021 to test 63.7370 within the next 6 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
Gold Spot moves lower to 3231.5055 in the last 3 days.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…
Brent Crude has broken through a resistance line. It has touched this line numerous times in the last 13 days.
Brent Crude has broken through a resistance line. Because we have seen it retrace from this price in…
US Oil has broken through resistance of a Ascending Triangle. It has touched this line at least twice in the last 9 days.
This trade setup on US Oil is formed by a period of consolidation; a period in which the…