USCrude – oil
New margin requirements for the CME oil futures are introduced today. We shall draw new margin zones based on new extreme price points according to new margin requirements.
Oil reached Target Zone 5 [41.67 – 40.92] in the middle-term uptrend. If buyers break this zone out, the next will be Target Zone 6. Otherwise, the price will be corrected down.
The trend key support is in the zone [32.04 — 31.14].
The short-term uptrend continues. The target in Target Zone 5 [41.67 – 40.92] has been reached. The price will rise higher if buyers break this zone…
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