The short-term oil downtrend continues. Yesterday, the price fell, and the trading session closed it below level 102.26. Today consider sales according to the pattern with a target at April 1 low.
If the Target Zone 96.93 – 95.86 is broken out downside, the next target will be the Gold Zone 91.56 – 91.02.
To enter oil purchases, traders need to consolidate the price above level 102.80. This will cause the breakout of key resistance and the trend reversal up.
USCrude trading ideas for today:
Sell according to the pattern/hold sell trades entered in the Intermediary Zone 102.80 – 102.26.
TakeProfit: 96.93.
StopLoss: 104.70.
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
