Euro middle-term trend reversed upward last week
USCrude – oil
Oil is currently trading under the strong resistance Target Zone 2 [54.36 – 53.91]. I recommend looking for a sell pattern around this zone. The second zone to look for a sell entry is the key resistance of the middle-term downtrend at [56.03 – 55.58]. The target is October low.
Let us analyze the short-term chart. The short-term oil trend is upward, the upside target is Target Zone [56.03 – 55.58].
Last week, the price was trading in the range between Additional Zone [53.64 – 53.53] and Intermediary Zone [52.71…
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