The breakout of Light Sweet Crude Oil APRIL 2021 through the 64.8500 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 APRIL 2021 to test 63.7370 within the next 6 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 64.8500 numerous times, Light Sweet Crude Oil APRIL 2021 has finally broken through. Can we expect a bearish trend to follow?
