The oil price has corrected to the area of key resistance of the short-term downtrend, 69.31 – 69.01. This resistance is still being held by sellers, so I suggest looking for a sell pattern and selling oil with the target at yesterday’s minimum.
If the Intermediary Zone is broken through today during the American trading session, the short-term trend will change to an upward one. In this case, the target for longs will be the upper Target Zone, 72.52 – 71.94.
USCrude trading ideas for today:
Sell according to the pattern in Intermediary Zone 69.31 – 69.01.
TakeProfit: 66.43.
StopLoss: according to the pattern rules.
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
