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Big movement expected on Light Sweet Crude Oil DECEMBER 2019 after a breach of the support

Light Sweet Crude Oil DECEMBER 2019 has broken through a support line of a Channel Up and suggests a possible movement to 55.2895 within the next 17 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 5 days.

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Travelers Cos Inc. is quickly approaching 129.05. We expect either a breakout through this line, or a rebound.

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