Light Crude oil futures price broke through the base trend line (significant level) last week and last day candle closed with bearish momentum after hitting the base trend line in daily chart.
Further bearish possible towards -61.8% level, is also the swing low of the weekly chart.
Further bearish possible towards -61.8% level, is also the swing low of the weekly chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.