Yesterday, the short-term oil trend reversed down. The US trading session closed the price below the Intermediary Zone 90.60 – 90.26. For the rest of the week, the lower Target Zone 87.20 – 86.52 serves as the target for sales.
It is profitable to consider oil sales on correction at strong resistance levels. The first strong resistance is level 90.61. Look for a sell pattern in it and enter oil sales. If the correction continues and the Intermediary Zone 91.94 – 91.60 is tested, then consider entering sales in this IZ.
USCrude trading ideas for today:
- Sell according to the pattern in the level of 90.61.
- TakeProfit: Target Zone 87.20 – 86.52.
- StopLoss: according to the pattern rules.
- Sell according to the pattern in Intermediary Zone 91.94 – 91.60.
- TakeProfit: Target Zone 87.20 – 86.52.
- StopLoss: according to the pattern rules.
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