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Breach of support could mean a start of a bearish trend on Light Sweet Crude Oil MARCH 2020

Light Sweet Crude Oil MARCH 2020 has broken through a support line of a Channel Up chart pattern. If this breakout holds true, we expect the price of Light Sweet Crude Oil MARCH 2020 to test 49.8742 within the next 5 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.

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Support line breached by SPX500. This price has been tested at least twice before.

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