USCrude – oil
Oil is testing the key resistance [54.48 – 54.12]. The middle-term trend is downward. Look for sell entries according to the pattern with a target to break through the low of last week and reach Target Zone 3 [49.93 — 49.56].
Oil is trading up in the short term. Target Zone [54.48 – 54.12] was broken out yesterday. So, the next target, according to the methodology, is Gold Zone [56.12 – 55.94].
Look for purchases on the correction towards the strong supports, Additional Zone [54.22 – 54.13] and Intermediary Zone [53.31 – 53.13]. Fix a part of…
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