Oil quotes are rolling down from the resistance. Look for a pattern to enter sell trades in this zones or in the key resistance of the middle-term downtrend at [56.03 – 55.58]. Sell target is to break through the low of October.
Since the start of the week, the oil price has been corrected down in the short-term uptrend and has reached the key support Intermediary Zone [52.71 – 52.48]. Since the target in Target Zone [56.03 – 55.58] has not been reached, it is relevant to enter purchases according to the pattern. An intermediate target is to…
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