Light Sweet Crude Oil JULY 2019 is moving towards the support line of a Channel Down which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Light Sweet Crude Oil JULY 2019 continues in its current trajectory, we can expect it to reach 52.1100 within the next 2 days.
Related Posts
Could a large bullish move on Natural Gas be a sign of things to come?
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…
Natural Gas is quickly approaching the resistance line of a Falling Wedge. We expect either a breakout through this line or a rebound.
Natural Gas is moving towards a resistance line which it has tested numerous times in the past. We…
Brent Crude – breach of a trending resistance line that has been tested at least twice before.
Brent Crude has broken through a resistance line of a Triangle and suggests a possible movement to 74.1699…