USCrude – oil
Oil price rolled down form the trend key resistance [53.15 – 52.80]. It is not relevant to sell right now, as the sell pattern hasn’t yet formed. Traders are now testing the strong support [51.26 – 50.87]. If this levels is broken out, we shall enter sell trades with a target at the February’s low.
The short-term trend is down. The price reached Target Zone [50.86 – 50.51] yesterday. The price is now corrected up from this zone.
The correction target is to test Intermediary Zone [52.13 - 51.96]. After the zone is tested, one may enter...
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