On Thursday morning, the short-term oil downtrend continues with the target in the lower Target Zone 64.22 – 63.71. Today the price went into correction and tested the Additional Zone 66.12 – 65.99. The AZ serves as a strong resistance level on the way of price growth. It is profitable to consider short trades in the beforementioned AZ with a target in the zone of yesterday’s low.
If the Additional Zone is broken out upside, a test of the Intermediary Zone 67.52 – 67.26 will occur. The IZ serves as the border of a short-term downtrend. Look for sales in the IZ according to the pattern with the target at yesterday’s low and in the lower Target Zone.
USCrude trading ideas for today:
- Sell according to the pattern in Additional Zone 66.12 – 65.99.
- TakeProfit: 64.80, Target Zone 64.22 – 63.71.
- StopLoss: according to the pattern.
- Sell according to the pattern in Intermediary Zone 67.52 – 67.26.
- TakeProfit: 64.80, Target Zone 64.22 – 63.71.
- StopLoss: according to the pattern.
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.
