Gold price is being corrected in the middle-term uptrend
USCrude – oil
Oil is still trading in the middle-term downtrend. Unless the resistance at [54.31 – 53.97] is not broken out, it will be relevant to sell with a target at June’s low.
Buyers are trying to reverse the short-term downtrend. They will succeed if they break out the high of June 13. If they do, it will be relevant to look for purchases with a target at the upper Target Zone [54.47 – 54.13].
Until the key resistance is not broken out, look for sell trades with a target…
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