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Important support line being approached by Light Sweet Crude Oil JUNE 2019. This price has been tested numerous time in the last 2 days

Light Sweet Crude Oil JUNE 2019 is moving towards the support line of a Channel Up 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 JUNE 2019 continues in its current trajectory, we can expect it to reach 62.2600 within the next 8 hours.

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