USCrude – oil
Oil quotes rolled down below the resistance Target Zone [55.86 – 55.43]. The downtrend continues, so, it is relevant to enter sell trades with the target at 51.18, Target Zone 3 [49.86 – 49.41]. Expect a confirming signal to enter sell trades.
Yesterday began with a drop in the oil price and finished with the growth up to the opening price of the day. If we mark the zones in the chart, we can easily explain this. First, sellers tested the key support to the short-term uptrend [54.67 – 54.45], but the buyers were stopped by the…
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