Light Sweet Crude Oil MAY 2021 has broken through a support line of a Channel Up and suggests a possible movement to 59.6158 within the next 20 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.
ARTÍCULOS RELACIONADOS
US Oil – breach of price line that’s been previously tested numerous times before
US Oil has broken through a resistance line. Because we have seen it retrace from this price in…
Big movement possible on US Oil after a breach of 62.0410
US Oil is once again retesting a key horizontal resistance level at 62.0410. It has tested this level…
US Oil is approaching a resistance line of a Channel Down. It has touched this line numerous times in the last 3 days.
US Oil is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a…