USCrude – oil
Nothing has changed in the middle-term timeframe. The middle-term uptrend continues, traders are testing the resistance at [59.83 – 59.43]. The price may rise if the buyers consolidate above the resistance.
The short-term uptrend continues. Yesterday, traders tried to break out Target Zone [59.36 – 58.96], but they failed. The intraday strong support Additional Zone [58.80 – 58.70], where recommended entering purchases, was also tested yesterday.
Yesterday’s trading recommendations are relevant today. There hasn’t been yet a pattern to buy oil in AZ, so expect it to form, or expect a correction down to a stronger.
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