The short-term oil uptrend continues. Yesterday, traders tested the Additional Zone 117.03 – 116.82 but unsuccessfully. Today, the search for purchases according to the pattern is a priority for a trader. The target is yesterday’s high.
If yesterday’s high is updated, there will be a possibility of price consolidation above the Target Zone 119.53 – 118.66. In this case, the next buy target will be the Gold Zone 123.47 – 123.03.
If the Additional Zone is broken out downside during the trading session and the price consolidates lower, the correction will continue with the target in the Intermediary Zone 114.95 – 114.53.
USCrude trading ideas for today:
- Buy according to the pattern in Additional Zone 117.03 – 116.82.
TakeProfit: 119.13.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 114.95 – 114.53.
TakeProfit: 119.13.
StopLoss: according to the pattern rules.
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.
