USCrude – oil
Oil price again tested the key support to the middle-term uptrend. The zone has not been broken out. It is still relevant to enter purchases today. The upside target is Target Zone 2 [58.13 – 57.77].
It will be relevant to sell oil when the price is consolidated below level 53.40.
The short-term trend has reversed downwards. Yesterday, the price broke out Intermediary Zone [55.08 – 54.90] and reached Target Zone [53.26 – 52.89].
TZ has not been broken out. The price is being corrected up following the yesterday’s downward momentum. The correction target is likely to…
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