The short-term oil trend reversed down yesterday. The Intermediary Zone 104.72 – 104.29 was broken out. Now the target for sales is the lower Target Zone 100.35 – 99.47.
A correction is currently developing. The Additional Zone 103.81 – 103.59 serves as its target. After the AZ test, look for a sell pattern. If it appears, sell oil with the first target at yesterday’s low. If the Intermediary Zone 106.22 – 105.78 is reached within the correction, look for a pattern to enter sales in this zone.
USCrude trading ideas for today:
- Sell according to the pattern in Additional Zone 103.81 – 103.59.
TakeProfit: 101.50, Target Zone 100.35 – 99.47.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 106.22 – 105.78.
TakeProfit: 101.50, Target Zone 100.35 – 99.47.
StopLoss: according to the pattern rules.
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