USCrude – oil
Oil middle-term uptrend continues at the beginning of the week. The buy target is Target Zone 2 [59.83 – 59.43]. Last week, traders were testing the strong support level [55.86 – 55.43], which encouraged the buyers and the price increased breaking through the new local high.
I recommend holding the buy trades entered in the zone of [55.86 – 55.43] or entering new purchases in the trend key support zone [54.65 — 54.25].
In the short-term timeframe, the trend reversed upwards last Thursday, Intermediary Zone [56.96 – 56.76] and the US session closed the price above. The…
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