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Light Sweet Crude Oil JUNE 2019 – breach of a trending resistance line that has been tested at least twice before.

Light Sweet Crude Oil JUNE 2019 has broken through the resistance line of a Falling Wedge 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 19 days and suggests a target line to be around 63.2043 within the next 3 days.

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