Oil’s short-term trend remains upward. Traders tested the Additional Zone 71.34 – 71.19 yesterday, and 7 December’s high was updated. The next growth target is the Target Zone 74.59 – 74.01.
Consider opening new long trades in oil on corrections from the important levels, such as the Additional Zone 71.70 – 71.55 and the Intermediary Zone 70.23 – 69.94. Today’s high will be the first buying target.
Trading plan for USCrude for today:
- Buy according to the pattern from Additional Zone 71.70 – 71.55.
- TakeProfit: 72.73.
- StopLoss: According to pattern rules.
- Buy according to the pattern from Intermediary Zone 70.23 – 69.94.
- TakeProfit: 72.73, Target Zone 2 at 74.59 – 74.01.
- StopLoss: According to pattern rules.
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