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Important price line breached by Light Sweet Crude Oil AUGUST 2021. This price has been tested numerous times before.

Light Sweet Crude Oil AUGUST 2021 has broken through a line of 74.8600 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 77.1130 can be expected within the next 3 days.

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We expect GC to trend downwards today with a 66.67% chance.

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