Light Crude oil approaches March high level

Source: Dukascopy Bank SA


Since the May 13 review, the price for US light crude oil has continued to surge. It has been observed that the May and June low and high levels can be connected to reveal an ascending wedge pattern.

If the commodity price continues to surge, the rate might test the March high levels at 130.00. On the other hand, a potential decline of the commodity price is expected to look for support in the zones near 115.00 and 110.00.

Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.