USCrude – oil
Oil buyers couldn’t consolidate the price for the second time above Target Zone [55.86 – 55.43]. This means that the middle-term downtrend continues. I suggest looking sell trades according to the pattern in the longer timeframe, The target will be the low of October and Target Zone 3 [50.01 — 49.57].
The short-term uptrend continues, but the double top pattern is now being traded so do not enter buy trades in haste. It is also clear from the short-term chart that traders are now breaking through Additional Zone [55.76 – 55.65]. If they consolidate the price below…
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