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USCrude – oil
Oil price is again testing the key support to the middle-term uptrend at [53.77 – 53.40]. Look for buy entries according to the pattern with the target to break through the August’s high and reach Target Zone 2 [58.13 — 57.77].
The short-term reversed downwards on Friday. Finally, the price reached Target Zone [53.52 – 53.15] and stopped falling, the US session closed above TZ, which means that the zone wasn’t broken out.
The price is now being corrected up and is reaching Additional Zone [54.01 – 53.92]. This is the strong local resistance where one should…
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