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Breach of 47.7600 could mean a start of a bullish trend on Light Sweet Crude Oil JANUARY 2021

Light Sweet Crude Oil JANUARY 2021 has broken through a line of 47.7600. If this breakout holds true, we expect the price of Light Sweet Crude Oil JANUARY 2021 to test 48.3820 within the next 19 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.

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Important price line being approached by Caterpillar Inc.. This price has been tested numerous times before.

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We expect 6E to trend downwards today.

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