USCrude
This trading week starts with a correction and oil is now trading in a medium-term uptrend. The BUY target is still the Target Zone 2 [59.83 – 59.43]. Long positions should be opened according to the pattern from strong support levels [55.86 – 55.43] or from the limits of the trend at [54.06 – 53.66].
The short-term trend remains ascending. The buyers updated an important local maximum during the European trading session yesterday, having tested the outside limit of Target Zone at 58.05. A correction started right afterwards.
The price is in a correction now and is trying to…
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