Light Sweet Crude Oil JANUARY 2020 has broken through a support line of a Triangle and suggests a possible movement to 59.8913 within the next 10 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 4 days.
Related Posts
Breach of 4.3090 could mean a start of a bearish trend on Natural Gas
Natural Gas has broken through a support line. Because we have seen it retrace from this price in…
US Oil has formed 4 bearish candles successively, what is the probability of getting another bearish candle?
US Oil has experienced an exceptionally large amount of consecutive bearish candles to reach a price of 66.3275…
Because Brent Crude formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
Brent Crude is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a…