Oil was corrected up to resistance (A) 74.10 – 73.75 yesterday. One could enter sell trades according to the pattern in the resistance zone with a target at the low of December 9.
If the correction continues, the price should reach resistance (B) 76.03 – 75.50. This zone is the border of the short-term downtrend, and one could also enter sell trades there.
It will be relevant to buy if the price breaks out level 76.03 and consolidates above.
USCrude trading ideas for today:
- Sell according to the pattern at resistance (А) 74.10 – 73.75.
TakeProfit: 70.33.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 76.03 – 75.50.
TakeProfit: 70.33.
StopLoss: according to the pattern rules.
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