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.
ARTÍCULOS RELACIONADOS
Breach of 4.3090 could mean a start of a bearish trend on Natural Gas
Natural Gas has broken through a support line. Because we have seen it retrace from this price in…
US Oil has formed 4 bearish candles successively, what is the probability of getting another bearish candle?
US Oil has experienced an exceptionally large amount of consecutive bearish candles to reach a price of 66.3275…
Because Brent Crude formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
Brent Crude is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a…