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Light Sweet Crude Oil AUGUST 2020 has broken through the resistance line of a Resistance. It has touched this line numerous times in the last 13 days.

Light Sweet Crude Oil AUGUST 2020 has broken through the resistance line of a Resistance. It has touched this line numerous times in the last 13 days. This breakout shows a potential move to 41.5890 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.

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We expect SI to trend upwards for the next 12 hours.

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After testing resistance twice in the past, Jpmorgan Chase & Co. has finally broken through. Can we expect a bullish trend to follow?

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