USCrude – oil
This week, oil has been down to Target Zone 5 [50.50 – 50.18] without any pullbacks. The correction has started only at the end of the week. Oil quotes are now approaching the key resistance of the middle-term downtrend [53.98 – 53.67].
After the zone is tested, I recommend looking for sell trades according to the pattern with a target to break through the local low.
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