The oil price realized the priority buying pattern and updated 20 January’s high. The next target within a short-term uptrend is the Target zone 2, 88.69 – 88.10.
After updating a local high, the price corrected and tested the Additional zone 85.93 – 85.78. As long as the Additional zone is held, consider long positions targeted at yesterday’s high.
Sell oil with a target in the Intermediary zone 84.39 – 84.09 once the Additional zone is broken to the downside.
Trading plan for USCrude for today:
Buy according to the pattern from Additional Zone 85.93 – 85.78.
TakeProfit: 87.42.
Target zone 2 at 88.69 – 88.10.
StopLoss: According to pattern rules.
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
