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...
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