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Light Sweet Crude Oil AUGUST 2020 – breach of price line thats been previously tested numerous times before

Light Sweet Crude Oil AUGUST 2020 has broken through the support line of a Support. 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 16 days and suggests a target line to be around 38.1840 within the next 3 days.

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We expect a $3.394 movement on DC within the next 4 hours.

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Important price line being approached by SPX500. This price has been tested numerous times before.

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