USCrude – oil
Oil sellers broke out the key support to the middle-term uptrend and consolidated the price below. Therefore, the trend has reversed downwards. Currently, the price is likely to cover the gap and reach Target Zone 2 [54.36 – 53.91].
I recommend looking for middle term sell entries on the correction both in the broken-out TZ and in the new one at [60.70 — 60.25].
Let us look at the shorter timeframe. The short-term downtrend continues. Yesterday, traders were testing Gold Zone [56.76 – 56.53] trying to break it through, but they failed. The zone will be…
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