Oil reached the key zone of 68.74 – 68.16 on Friday, moving in a short-term uptrend. Then, a correction began, and the key trend support was reached at 66.11 – 65 82. It’s from there that the price is currently growing. The growth target is to update Friday’s high.
If Friday’s high is updated, the price can be expected to consolidate above the target zone. If so, the next buying target will be the Gold zone of 71.37 – 71.08.
Trading plan for USCrude for today:
Buy according to the pattern from Intermediary Zone 66.11 – 65 82.
TakeProfit: 69.00.
StopLoss: According to pattern rules
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