The breakout of Light Sweet Crude Oil AUGUST 2021 through the 72.8200 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 AUGUST 2021 to test 70.1610 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 72.8200 numerous times, Light Sweet Crude Oil AUGUST 2021 has finally broken through. Can we expect a bearish trend to follow?
