USCrude – oil
Last week oil price closed just under the middle-term resistance [53.98 – 53.67]. The downtrend continues. I recommend looking for sells according to the pattern with a target at the update of the last week’s local low.
The local short-term trend reversed upwards last Thursday, when buyers broke out Intermediary Zone and consolidated the price above. Next, the main scenario to buy in the short-term term trend was worked out.
Buyers are currently trying to break through the strong resistance Target Zone [53.98 – 53.67]. If they succeed, the next target in the trend will be Gold…
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