A movement of 7.99% over 2 days on Light Sweet Crude Oil JULY 2020 doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.
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Supports and resistances are primary concepts of technical analysis. US Oil is heading for an important price of 62.4330 – read about what this could mean for the future.
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