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A final push expected on Light Sweet Crude Oil SEPTEMBER 2020 as it starts approaching a price line of 40.6900.

Light Sweet Crude Oil SEPTEMBER 2020 is heading towards a price line of 40.6900 and could reach this point within the next 2 days. 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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US30 – breach of a trending support line that has been tested at least twice before.

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We expect GC to trend upwards with a 66.67% chance.

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