USCrude – oil
Oil price has reached the key resistance in the middle-term downtrend [54.48 – 54.12]. Look for sales according to the pattern with a target to break through the low of last week and reach Target Zone 3 [49.93 — 49.56].
Last Thursday, the US session closed oil price above Intermediary Zone [52.47 – 52.29], and traders reached Target Zone [54.48 – 54.12] on Friday. The main scenario to buy worked out. The short-term trend is now upward.
To draw the price higher, buyers need to break out TZ and consolidate below. In this case, the target…
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