USCrude – oil
Oil middle-term uptrend continues. The upside target is Target Zone 2 [59.83 – 59.43]. The price is being corrected now. The trend key support is at [54.65 – 54.25].
I recommend holding the buy trades entered in the zone of [55.86 – 55.43] or entering new purchases in Target Zone.
Oil short-term trend is upward. Traders were testing Additional Zone [57.65 – 57.55] yesterday. There was a try to break it out, but it failed. The price is again above the support. Now, we shall see whether buyers will form a false breakout pattern. The pattern will…
Read full author’s opinion and review in blog of #LiteForex