Gold traders are trying to consolidate the price below the key support to the local uptrend
USCrude – oil
For oil, the key resistance of the middle-term downtrend hasn’t yet been broken out. Look for sell trades according to the pattern with a target at the low of last week.
If the resistance is broken out, and two US sessions close the price above, it will be relevant to buy WTI with a target at Target Zone 2 [57.13 – 56.82].
Let us analyze the shorter timeframe and see the current oil market situation.
The key support to the local…
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