The oil price continued to decline yesterday. As a result, it reached the support (B) 74.22 – 73.72. This zone serves as the short-term uptrend’s border. Therefore, today, consider purchases within it with a target at January 29 high.
If during trading, the support (B) is broken out downside and the price consolidates lower, then from next week, consider sales with a target in the lower Target Zone 69.27 – 68.28. The short-term trend in this case will reverse down.
USCrude trading ideas for today:
Buy according to the pattern at support (В) 74.22 – 73.72.
TakeProfit: 79.05.
StopLoss: according to the pattern rules.
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