USCrude – oil
In my last weekly oil forecast is wrote,
It will be relevant to buy after the price breaks through level 54.48 and consolidates above.
The price has broken out the level and consolidated above this week. Therefore, the middle-term trend has reversed upwards. The upside target is now at Target Zone 2 [58.13 - 57.77].
I recommend looking for buy entries in the zone of 54.48 – 53.40]. This price zone includes the broken-out resistance and the new trend key support. The support levels have been already tested, we now need to expect the a confirming buy...
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