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After testing support twice in the past, Light Sweet Crude Oil AUGUST 2020 has finally broken through. Can we expect a bearish trend to follow?

The breakout of Light Sweet Crude Oil AUGUST 2020 through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of Light Sweet Crude Oil AUGUST 2020 to test 39.0660 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.

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