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Big movement expected on Light Sweet Crude Oil JANUARY 2021 after a breach of 45.9800

Light Sweet Crude Oil JANUARY 2021 has broken through a line of 45.9800 and suggests a possible movement to 46.5190 within the next 14 hours. It has tested this line numerous times 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 6 days.

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We expect a $0 movement on 6A within 2 hours following the release of BoC Interest Rate Decision.

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We expect GC to trend upwards right now.

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