USCrude – oil
New margin requirements for CME oil futures come into effect today. So, the margin zones that haven’t broken out/reached by the price should be rearranged.
Target Zone 2 is now at [59.55 – 59.18],and the key support to the middle-term uptrend is at 56.05 – 55.67].
To enter oil purchases, I recommend expecting a correction towards the key support.
In the correction, there has worked out the idea to open sell positions in Additional Zone [59.30 – 59.20]. The first is reached, the local low has been broken through. The second sell target is Intermediary Zone [57.80…
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