USCrude – oil
Oil price is at last testing the key resistance of the middle-term downtrend [56.03 – 55.58]. I recommend looking for sell entries according to the pattern with the target at October low and at Target Zone 3 [49.86 — 49.41].
The main scenario to buy oil in the short-term worked out yesterday. Even if the stop loss was triggered and we had to wait for some time until a new pattern emerges. Nonetheless, the target has been reached. I congratulate you on a profit.
The further oil short-term trend will depend on if the buyers will break…
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