The oil price didn’t break out resistance (В) 71.91 – 71.48. The price should be going down to the lows of July 3 and June 28. If the price breaks out the low of June 28, it will test the support level of 66.95.
An alternative scenario: the price breaks out resistance (B) and goes up to level 74.30. In this case, the short-term trend will turn up, and one could enter purchases.
USCrude trading ideas for today:
Sell according to the pattern at resistance (В) 71.91 – 71.48.
TakeProfit: 67.20.
StopLoss: according to the pattern rules.
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