USCrude – oil
Oil price is being corrected down in the middle-term uptrend. The correction target is likely to be the test of the trend key support [31.01 – 30.11]. Once the zone is tested, I recommend entering buy trades according to the pattern with the target at the high of last week + Target Zone 5 [41.67 — 40.92].
The short-term oil trend is yet up. However, sellers are now trying to turn it down. The trend will reverse if the price breaks out Intermediary Zone [35.51 – 35.06] and consolidates below the zone at the US trade session….
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