Recently resurgent Light Crude Oil supports potential ascending triangle
Light Crude Oil prices fell after the release of U.S Crude Oil Inventories with prices now testing the support price at 50.95
Crude Oil outlook: suggest that Light Crude Oil prices form a lower high on the daily chart with prices holding below 60
Not seen since 2009, Light Crude Oil falls below 50 amidst speculation that China's demand is going to fall.
CLH5 finds its support at 46.65 and a temporary correction is expected for the day before a continuation of down trend occurs
Light Crude Oil prices continue to fall after candles broke below 51 last week forming a lower high