The oil short-term turned down yesterday, as the price broke out the trend key support 69.96 – 69.53. Now, the downside target is the lower Target Zone 65.61 – 64.74. I recommend entering short trades on the correction to resistance (А) 70.13 – 69.84 and resistance (В) 71.72 – 71.29. The first downside target is yesterday’s low
The trend will turn up and it will be relevant to buy when the price breaks out level 71.72 and consolidates above.
USCrude trading ideas for today:
- Sell according to the pattern at resistance (А) 70.13 – 69.84.
TakeProfit: 67.00.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 71.72 – 71.29.
TakeProfit: 67.00.
StopLoss: according to the pattern rules.
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