USCrude – oil
Oil price has broken through the key resistance of the middle-term downtrend. Expect the price consolidation above the zone of [54.31 – 53.97] and buy USCrude oil with a target at Target Zone 2 [57.76 – 57.42].
Oil short-term trend is upward. Traders were testing Additional Zone [53.48 – 53.40] yesterday. The support wasn’t broken out and buyers again started entering trades. Target Zone [54.47 – 54.13] has been broken out. If the price is consolidated above the zone, the next target in the uptrend will be Gold Zone [56.02 – 55.85].
Consider buy entries during a...
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