The oil short-term uptrend continues. The price reached the Target Zone 73.53 – 72.66 yesterday. The zone has not been broken out, the price won’t continue growing right away.
The uptrend will continue if the price consolidates above level 73.53. In this case, the next upside target will be the Gold Zone 75.85 – 75.56.
As the TZ hasn’t been broken out, the price could be corrected down to support (A) 70.68 – 70.39 today. One could enter new purchases in the support zone with a target at yesterday’s high.
The trend border in the zone of 69.23 – 68.80.
USCrude trading ideas for today:
- Buy according to the pattern at support (А) 70.68 – 70.39.
TakeProfit: 73.53.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 69.23 – 68.80.
TakeProfit: 73.53.
StopLoss: according to the pattern rules.
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