USCrude – oil
Oil price continues rising. The middle-term is up.
At the end of last week, oil buyers broke through the local high, and the price approached the strong resistance Target Zone 5 [41.67 – 40.92]. If the zone is broken out, the next target will be Target Zone 6. Otherwise, the price will be corrected down.
Oil short-term is also up. The upside target is Target Zone 5 [41.67 – 40.92]. As the local high was broken through last Friday, the support zones should be rearranged.
Now, Additional Zone is in the price range of [38.12 – 37.90],…
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