Gold price was corrected up into key resistance zone of the short-term downtrend yesterday
USCrude – oil
Oil price reached major sell target in the middle-term downtrend, Target Zone 2 [54.36 – 53.91]. The further trend depends on whether sellers will consolidate the price below level 53.91.
The short-term trend is downward. Oil price broke out TZ 2 [54.51 – 54.06] yesterday and is now testing the strong intraday resistance Additional Zone [54.37 – 54.26].
For today, I recommend looking for sell entries in AZ and in the key resistance zone of the trend, Intermediary Zone [55.61 – 55.39]. Enter…
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