USCrude – oil
It is relevant to buy oil today. The target is at Target Zone 2 [58.13 – 57.77]. If TZ2 is broken out, the next target will be at TZ 3 [61.78 – 61.42].
It will be relevant to sell oil when the price is consolidated below level 53.40.
The short-term trend has again reversed. Yesterday, the price broke out Intermediary Zone [54.86 – 54.68] and immediately reached Target Zone [56.87 – 56.51]. All this results from technical flat in the longer timeframe.
As the short-term trend is upward today, it is relevant to enter buy trades in…
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