The short-term oil downtrend continued yesterday. As a result, the Target Zone 85.70 – 84.84 was reached. After that, the price corrected.
A possible correction target is the test of the Additional Zone 87.74 – 87.52. After its test, look for a sell pattern. When it appears, open a short trade with the target at yesterday’s low.
If the Additional Zone is broken out upside, the correction will continue with the target in the Intermediary Zone 90.10 – 89.67, which serves as the trend key resistance.
USCrude trading ideas for today:
- Sell according to the pattern in Additional Zone 87.74 – 87.52.
TakeProfit: 85.46.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 90.10 – 89.67.
TakeProfit: 85.46.
StopLoss: according to the pattern rules.
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