In their attempts to raise the price, oil buyers faced strong resistance of 72.41 – 72.12. This resistance was held yesterday, indicating sellers’ interest in this zone. Today consider oil sales in this zone with a target at the December 15 low.
The short-term trend will reverse down if the December 15 low is updated. In this case, expect oil price in the lower Target Zone 67.31 – 66.72.
Purchases will become possible after the breakout of level 72.41 and consolidating the price higher. In this case, consider purchases with the target in the upper Target Zone 74.59 – 74.01.
USCrude trading ideas for today:
Sell in Intermediary Zone 72.41 – 72.12.
TakeProfit: 69.50.
StopLoss: 73.72.
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.
