Today the oil sales in the Intermediary Zone 72.41 – 72.12 worked out. The December 15 minimum was updated. The Intermediary Zone 70.23 – 69.94 was also broken through. The short-term trend has changed to a downtrend and now the target for sales is the lower Target Zone 67.31 – 66.72.
Look for new short oil trades at corrections to strong resistance levels. Strong resistance levels today are Additional Zone 69.37 – 69.23 and Intermediary Zone 70.98 – 70.69.
USCrude trading ideas for today:
- Sell according to the pattern in Additional Zone 69.37 – 69.23.
- TakeProfit: 67.88.
- StopLoss: according to the pattern rules.
- Sell according to the pattern in Intermediary Zone 70.98 – 70.69.
- TakeProfit: 67.88.
- StopLoss: according to the pattern rules.
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