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USCrude – oil
Last week, oil buyers consolidated the price above Target Zone [55.86 – 55.43], so the oil middle-term trend reversed upwards. At the end of last week, the broken-out zone was tested from above. This caused some buyers’ response, but the oil price didn’t break through the local high.
Oil price is now being corrected again. I recommend looking for buy entries in the key support zone [53.47 – 53.03] or according to the pattern in the zone of [55.86 – 55.43]. The upside target will be…
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