The short-term oil downtrend continues. Yesterday, traders tested the Additional Zone 87.74 – 87.52. The zone has been held. Therefore, today looking for sales according to the pattern with a target at August 16 low is a matter of primary importance.
If the Additional Zone is broken out upside during the trading, the correction will continue up to the Intermediary Zone 90.10 – 89.67, which serves as the trend key resistance. After its test, also look for sales.
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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