USCrude – oil
Oil middle-term uptrend continues. Buyers are now testing the strong resistance Target Zone 2 [59.83 – 59.43], which should now determine the further oil trend.
Let us analyze the short-term timeframe. The price is being corrected now. The price broke out Additional Zone, next, it was corrected down to the new one and is now rolling back. The correction target is Intermediary Zone [57.80 – 57.60].
The short-term uptrend will go on if the price break out Target Zone [59.36 – 58.96] and consolidates above. If so, the upside target will be Gold Zone [61.16 — 60.96]….
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