Yesterday, the oil price corrected. The traders tested the Additional Zone 90.23 – 90.07 but didn’t break it out. The US trading session closed the price higher. So, today, a short-term uptrend continues with a target at February 4 high.
Today look for oil purchases with the target indicated above. If the February 4 high is broken out, the next buy target will be the Target Zone 3 94.54 – 93.95.
If today during the trading session the Additional Zone is broken out downside, the correction will continue with the target in the Intermediary Zone 88.69 – 88.38.
USCrude trading ideas for today:
- Buy according to the pattern in Additional Zone 90.23 – 90.07.
TakeProfit: 91.75.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 88.69 – 88.38.
TakeProfit: 91.75.
StopLoss: according to the pattern rules.
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