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Bulls aim for 177.6099 after the LTCAUD triggered a bullish formation on the 4 hour chart

You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 177.6099 but consider reducing the size of your position as the price gets closer to that target.

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Supports and resistances are primary concepts of technical analysis. Brent Crude is heading for an important price of 66.8725 – read about what this could mean for the future.

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We expect CC to trend downwards today with a 83.33% chance.

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