The oil short-term uptrend continues. The price was corrected yesterday. The correction target is to test the support (A) 74.06 – 73.69. If the support is held up, I suggest buying according to the pattern with a target at the high of December 15.
If support (A) is broken out, the correction will continue down to the trend border 72.19 – 71.62, where it will also be relevant to enter purchases with a target at the high of December 15.
USCrude trading ideas for today:
- Buy according to the pattern at support (А) 74.06 – 73.69.
TakeProfit: 77.77.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 72.19 – 71.62.
TakeProfit: 77.77.
StopLoss: according to the pattern rules.
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