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A final push expected on AUS200 as it starts approaching a price line of 6805.0000.

AUS200 is heading towards a price line of 6805.0000 and could reach this point within the next 10 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current lines.

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After testing resistance twice in the past, Light Sweet Crude Oil MARCH 2021 has finally broken through. Can we expect a bullish trend to follow?

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We expect a 0 pip movement on 6E within 4 hours following the event release.

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