USCrude – oil
Last week, oil buyers were testing the resistance at Target Zone 5 [41.67 – 40.92]. They haven’t broken the zone out and consolidate the price above. As a result, the price is now being corrected. The correction target is likely to be the trend key support [33.64 — 32.86].
The hourly timeframe shows that the short-term uptrend continues on Monday morning. Intermediary Zone [37.54 – 37.15] is being held by buyers, so, look for a buy pattern. The buy target will be the high of last week.
There is also an alternative scenario. In this case, the…
Read full author’s opinion and review in blog of #LiteForex