Last week, the Intermediary Zone 60.04 - 59.78 was broken out. Then the price corrected to the new trend's key support 58.76 - 58.51. The WTI oil price went up from the key support. Traders reached the resistance level of 61.22. Thus, on Monday morning, oil is trading in a short-term uptrend, the target of which is the margin zone 62.84 - 62.33. The border of the short-term uptrend is shifting to the levels 58.79 - 58.53. While the zone is being held, look for purchases. Open buy positions according to the pattern in 59.36 - 58.53. TakeProfit: 61.87. StopLoss: according to the pattern rules. Gold is trading in the ... (full story)