Important price line being approached by Light Sweet Crude Oil FEBRUARY 2020. This price has been tested numerous times before.

Light Sweet Crude Oil FEBRUARY 2020 is moving towards a line of 62.6900 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Light Sweet Crude Oil FEBRUARY 2020 continues in its current trajectory, we can expect it to reach 62.6900 within the next 10 hours.