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.
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?
