Oil is correcting in a short-term uptrend. The test of the Intermediary Zone 90.00 – 89.57 serves as a probable correction target. After the test, consider purchases according to the pattern with the target at August 11 high. The upper Target Zone 95.83 – 94.97 serves as the main growth target.
If during trading the Intermediary Zone is broken out downside and the price closes lower in the American trading session, the short-term trend will reverse down. In this case, consider oil sales with the target in the lower Target Zone 85.70 – 84.84.
USCrude trading ideas for today:
Buy according to the pattern in Intermediary Zone 90.00 – 89.57.
StopLoss: according to the pattern rules.