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.
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
