As part of a short-term downtrend yesterday, oil reached the Target Zone 88.64 – 87.78. Now traders are trying to break out this zone downside. If successful, the next target for sales will be the Gold Zone 84.34 – 83.91.
It is profitable to consider new oil sales after updating yesterday’s low. To do this, rearrange the margin zones and set new resistance levels.
At the moment, the zone of 92.77 – 92.34 serves as the border of the short-term downtrend. As long as the price is trading below this zone, it is profitable to consider oil sales.
USCrude trading ideas for today:
Watch the market.