Oil is trading in the short-term uptrend. The upside target is the upper Target Zone 84.17 – 83.12. The price is being corrected now. If correction continues, the price should reach strong support levels, where one could enter new purchases.
Strong support levels are now support (A) 76.92 – 76.57 and support (B) 75.17 – 74.64. To enter a long trade, expect the test of any support zone and look for a buy pattern. The first upside target is today’s high.
USCrude trading ideas for today:
- Buy according to the pattern at support (А) 76.92 – 76.57.
TakeProfit: 80.30.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 75.17 – 74.64.
TakeProfit: 80.30.
StopLoss: according to the pattern rules.

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