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Light Sweet Crude Oil JULY 2021 – approaching a price line that has been previously tested numerous times in the past

Light Sweet Crude Oil JULY 2021 is moving towards the support line of a Support. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 4 days and may test it again within the next 11 hours.

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Chevron is quickly approaching 104.22. We expect either a breakout through this line, or a rebound.

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