Yesterday, the short-term oil trend reversed up. As a result, the upper Target Zone 102.36 – 101.52 was reached. A correction is currently unfolding. Traders are testing the Additional Zone 99.79 – 99.58. If the AZ is held, the growth will continue, and yesterday’s high will be updated.
If the Additional Zone is broken out downside during today’s trading session, the correction will continue with the target in the Intermediary Zone 97.70 – 97.28, which serves as the trend’s border. After reaching it, also look for purchases.
USCrude trading ideas for today:
- Buy according to the pattern in Additional Zone 99.79 – 99.58.
TakeProfit: 101.81.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 97.70 – 97.28.
TakeProfit: 101.81.
StopLoss: according to the pattern rules.
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