USCrude – oil
Oil price is being corrected down. The first support in the broken-out Target Zone [55.86 – 55.43]. The trend key support is the price zone of [53.44 – 53.00]. I suggest entering purchase in the zine according to the pattern.
Local trend is upward. Buyers tried to reach Target Zone [58.43 – 58.00] yesterday. There were just 21 pips left to reach the zone. As a result, the oil price dropped on the news and a false breakout pattern to sell formed.
Therefore, I recommend expecting until the pattern works out today and the price is corrected…
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