The oil price reached the Target Zone 79.97 – 79.37. The next target in the short-term uptrend is the Gold Zone 82.56 – 82.27. It is relevant to enter new purchases on the corrections to support (A) 78.74 – 78.45 and support (В) 77.29 – 76.85 if there is a buy pattern.
It will be relevant to sell if the oil price breaks out level 76.85 and consolidates below, as the short-term trend will turn down in this case.
USCrude trading ideas for today:
- Buy according to the pattern at support (А) 78.74 – 78.45.
TakeProfit: 81.55.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 77.29 – 76.85.
TakeProfit: 81.55.
StopLoss: according to the pattern rules.
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