The short-term oil trend reversed down yesterday. The Intermediary Zone 117.15 – 116.73 was broken out. Now the target for sales is the lower Target Zone 112.97 – 112.14.
At the moment, the price is correcting and testing the Additional Zone 116.56 – 116.35. The AZ is a strong resistance level, so look for new sales in it according to the pattern with the first target at yesterday’s low.
If, during the trading session, the Additional Zone is broken out upside, the correction will continue with the target in the Intermediary Zone 118.86 – 118.44.
USCrude trading ideas for today:
- Sell according to the pattern in Additional Zone 116.56 – 116.35.
TakeProfit: 114.32.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 118.86 – 118.44.
TakeProfit: 114.32.
StopLoss: according to the pattern rules.
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