USCrude – oil
Oil buyers are trying to consolidate the price above Target Zone [55.86 – 55.43]. The US session has already closed the price above the resistance once. The zone will be broken out when the second session closes the price above the zone. In this case, the middle-term trend will reverse upwards, and the buy target will be in Target Zone 2 [60.21 – 59.78].
Currently, it is still relevant to look for sell entries according to the pattern.
Oil short-term trend is upward. Last Friday, Target Zone [56.03 – 55.58] was broken out. So, the next buy…
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