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Breach of resistance could mean a start of a bullish trend on Light Sweet Crude Oil DECEMBER 2021

Light Sweet Crude Oil DECEMBER 2021 has broken through a resistance line of a Flag chart pattern. If this breakout holds true, we may see the price of Light Sweet Crude Oil DECEMBER 2021 testing 83.7085 within the next 5 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any action.

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After testing 183.00 numerous times, 3m Co. is once again approaching this price point. Can we expect a bullish trend to follow?

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We expect a $21.935 movement on FV within 48 hours following the event release at 19 Oct 23:50.

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