Yesterday, following a correction, the oil price reached support (A) 80.48 – 80.19. This support zone has not been broken out, and one could enter purchases there with a target at the high of April 12. If this high is broken through, the next upside target will be Target Zone 85.75 – 85.17.
If support (A) is broken out, the price should go down to support (B) 79.03 – 78.60, which is the trend border where one could also enter purchases.
USCrude trading ideas for today:
- Buy according to the pattern at support (А) 80.48 – 80.19.
TakeProfit: 83.30.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 79.03 – 78.60.
TakeProfit: 83.30.
StopLoss: according to the pattern rules.
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