The short-term oil downtrend continued yesterday. As a result, the price reached the Gold Zone 81.66 – 81.28. At the moment, the correction is developing. As part of it, the price may test the resistance (A) 85.27 – 84.90. It is reasonable to look for new sales in the abovementioned resistance with a target at yesterday’s low.
If the resistance (A) is broken out upside, the correction will continue with the target in the trend’s border of 87.33 – 86.77. In this zone, it is also possible to consider sales with a target at yesterday’s low.
USCrude trading ideas for today:
- Sell according to the pattern in resistance (A) 85.27 – 84.90.
TakeProfit: 81.25.
StopLoss: according to the pattern rules. - Sell according to the pattern in resistance (B) 87.33 – 86.77.
TakeProfit: 81.25.
StopLoss: according to the pattern rules.
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