The short-term oil trend reversed up yesterday. The Intermediary Zone 104.34 – 103.90 was broken out. Now the upper Target Zone 109.15 – 108.27 serves as the target for purchases.
Look for new oil purchases on correction at strong support levels, the Additional Zone 105.77 – 105.55 and the Intermediary Zone 103.58 – 103.14. To open a trade, wait for a support level test and look for the corresponding pattern. Focus on today’s high as the first target for purchases.
USCrude trading ideas for today:
- Buy according to the pattern in Additional Zone 105.77 – 105.55.
TakeProfit: 107.85, Target Zone 109.15 – 108.27.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 103.58 – 103.14.
TakeProfit: 107.85, Target Zone 109.15 – 108.27.
StopLoss: according to the pattern rules.
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