According to margin zone analysis, it is relevant to enter short-term oil sell-trades
USCrude – oil
At the end of last week, oil price fell. According to the methodology, this is a correction. The key support to the uptrend is at [54.65 – 54.25]. Until the zone is broken out, it is relevant to look for purchases.
Oil short-term trend reversed down after there formed a double top pattern to sell. Intermediary Zone [56.65- 56.45] was broken out and the price consolidated below. Now the sell target is Target Zone [54.30 – 53.86].
I recommend entering short-term sell trades…
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