Light Sweet Crude Oil MAY 2021 has broken through the resistance line of a Resistance. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 7 days and suggests a target line to be around 62.3060 within the next 20 hours.
Related Posts
US Oil is signaling a possible trend reversal on the intraday charts with price not breaching support.
The movement of US Oil towards the resistance line of a Channel Down is yet another test of…
Breach of resistance could mean a start of a bullish trend on Gold Spot
Gold Spot has broken through the resistance line which it has tested twice in the past. We have…
After experiencing 4 consecutive daily bearish candles in the space of 5 days, nobody knows where US Oil is headed.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…