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Light Sweet Crude Oil SEPTEMBER 2021 – breach of a trending resistance line that has been tested at least twice before.

Light Sweet Crude Oil SEPTEMBER 2021 has broken through the resistance line of a Triangle technical chart pattern. 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 twice in the last 6 days and suggests a target line to be around 70.8137 within the next 8 hours.

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We expect NKD to trend upwards today with a 75% chance.

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