The oil short-term downtrend continues. The price was testing the resistance zone of 96.40 – 93.82 yesterday. The zone was not broken out, and the price rolled down below the resistance.
The downtrend continues today. I recommend entering sell trades in the Additional Zone 94.04 – 93.82 with a target at the low of August 1. If the low of August 1 is broken through, the price can break out the Target Zone 92.32 – 91.46, and the next target will be the Gold Zone 88.02 – 87.59.
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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