The oil price broke out support (B) 79.03 – 78.60 yesterday. The short-term trend turned down. The downside target is the lower Target Zone 74.68 – 73.81. It is relevant to enter new sell trades on the correction at resistance (A) 80.11 – 79.82 and resistance (B) 81.71 – 81.27. The first downside target could be set around today’s low.
USCrude trading ideas for today:
- Sell according to the pattern at resistance (А) 80.11 – 79.82.
TakeProfit: 76.88.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 81.71 – 81.27.
TakeProfit: 76.88.
StopLoss: according to the pattern rules.
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