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Important price line breached by Light Sweet Crude Oil JANUARY 2020. This price has been tested numerous times before.

Light Sweet Crude Oil JANUARY 2020 has broken through a line of 58.0500 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 58.4280 can be expected within the next 5 hours.

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We expect NZDUSD to trend downwards today.

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