The breakout of Light Sweet Crude Oil DECEMBER 2021 through the 83.9600 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, Light Sweet Crude Oil DECEMBER 2021 could test 86.0420 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
A final push possible on US Oil as it starts approaching a price line of 67.3445.
US Oil is heading towards a line of 67.3445. If this movement continues, the price of US Oil…
A Falling Wedge has formed, Natural Gas is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
Natural Gas is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a…
Big movement possible on Silver Spot after a breach of 36.8362
The price of Silver Spot in heading in the direction of 37.4646. Despite the recent breakout through 36.8362…