USCrude – oil
Oil middle-term uptrend continues. It makes sense to hold up purchases entered last week or enter new ones with a target at Target Zone 2 [58.13 – 57.77].
If the price doesn’t go according to the primary scenario, expect TZ [53.77 – 53.40] breakout and, next, sell oil down to the lower TZ2.
Oil is trading in the short-term uptrend. Look for purchases according to the pattern in Intermediary Zone [55.08 – 54.90]. Buy target will the breakthrough of the last week’s high in Target Zone.
We won’t sell oil unless there is IZ breakout and…
Read full author’s opinion and review in blog of #LiteForex
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