The oil short-term downtrend continued yesterday. The price reached the Gold Zone 88.02 – 87.59. Traders tried to break out the GZ but failed.
The oil market is being corrected and approaches the strong resistance, the Additional Zone 89.34 – 89.13. When the AZ is tested, I recommend entering new sell trades according to the pattern with a target at yesterday’s low.
If the Additional Zone is broken out upside, the correction will continue up to the Intermediary Zone 91.71 – 91.28. The IZ is the trend border, when it is reached, one could enter sell trades.
USCrude trading ideas for today:
- Sell according to the pattern in the Additional Zone 89.34 – 89.13.
TakeProfit: 87.06.
StopLoss: according to the pattern rules. - Sell according to the pattern in the Intermediary Zone 91.71 – 91.28.
TakeProfit: 87.06.
StopLoss: according to the pattern rules.

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