USCrude – oil
Oil price is being corrected down in the middle-term uptrend. The correction target is Target Zone [31.01 – 30.11], it is the key support. After the zone is tested, it will be relevant to enter new purchases with a target in Target Zone 5 [41.67 — 40.92].
Let us look at the shorter timeframe. The local trend is up.
The oil price is being corrected and testing the strong support Additional Zone [37.76 – 37.54]. The zone is held up by buyers, so, first, expect a buy pattern.
If there is a buy pattern, we shall buy…
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