Gold traders have been adding up to the positions for the second week
USCrude – oil
Nothing has changed in the long-term timeframe.
Oil price 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.
Oil short-term uptrend continues. Buy target is Target Zone [56.03 – 55.58].
Yesterday’s trading recommendation to enter buy trades in Additional Zone [53.64 - 53.53] didn’t...