USCrude – oil
Oil price broke out support level at [51.26 – 50.87]. The price continues declining today, the target is February’s low + Target Zone 5 [47.40 – 47.05].
Once the February low is broken through, we should rearrange the trend key resistance.
Let us look at the short-term chart. The short-term trend is down.
Target Zone [50.86 – 50.51] was broken out yesterday. The target is now at Gold Zone [49.11 – 48.94].
I recommend entering short trades on the correction in the strong resistance zones, Additional Zone [50.43 - 50.34] and Intermediary Zone [51.39 – 51.22]. One...
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