Light Sweet Crude Oil MAY 2021 has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 61.1202 can be expected within the next 15 hours.
Resistance line breached by Light Sweet Crude Oil MAY 2021. This price has been tested at least twice before.
