The oil short-term trend turned down yesterday. The price reached the lower Target Zone 92.32 – 91.46. After reaching the TZ, the price was corrected and tested the Additional Zone 94.04 – 93.82. The AZ is a strong resistance, where one could enter new sell trades with a target to break through yesterday’s low.
If the Target Zone is broken out downside, the next sell target will be the Gold Zone 88.02 – 87.59. The trend border is in the range of 96.40 – 95.97.
USCrude trading ideas for today:
- Sell according to the pattern in the Additional Zone 94.04 – 93.82.
TakeProfit: 91.75.
StopLoss: according to the pattern rules. - Sell according to the pattern in the Intermediary Zone 96.40 – 95.97.
TakeProfit: 91.75.
StopLoss: according to the pattern rules.
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