Light Sweet Crude Oil MAY 2021 is heading towards a price line of 61.2400 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current lines.
Related Posts
After testing 65.0960 numerous times, Brent Crude is once again approaching this price point. Can we expect a bullish trend to follow?
Brent Crude is about to retest a key horizontal resistance level near 65.0960. It has tested this level…
After testing the support line numerous times, Gold Spot is once again approaching this line. Can we expect a bearish trend to follow?
Gold Spot is approaching the support line of a Channel Down. It has touched this line numerous times…
Supports and resistances are primary concepts of technical analysis. US Oil is heading for an important price of 60.3970 – read about what this could mean for the future.
The price of US Oil in heading back to the support area. It is possible that it will…