Light Sweet Crude Oil MAY 2021 is heading towards a line of 58.7300. If this movement continues, we expect the price of Light Sweet Crude Oil MAY 2021 to test 58.7300 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Light Sweet Crude Oil MAY 2021 is quickly approaching 58.7300. We expect either a breakout through this line, or a rebound.
