The short-term oil downtrend continues. Yesterday, traders tested the trend key resistance 91.10 – 90.67. The zone was held. Today, consider a sales pattern in order to update the August 5 low.
If the August 5 low is updated, the Gold Zone 88.02 – 87.59 will be broken out. Therefore, the new target for sales will be the Target Zone 2, 83.72 – 82.86.
USCrude trading ideas for today:
Sell according to the pattern in Intermediary Zone 91.10 – 90.67.
StopLoss: according to the pattern rules.