The short-term oil trend’s key resistance 110.76 – 110.35 was held. After that, the downtrend continued, and the price dropped to the Target Zone 2 104.62 – 103.79.
Now the price is correcting. A possible correction target will be level 106.83. After its test, consider new sales to update today’s low.
If the Additional Zone is broken out upside, the correction will continue with the target in the Intermediary Zone 109.14 – 108.72.
USCrude trading ideas for today:
- Sell according to the pattern in the level of 106.83.
TakeProfit: 104.62.
StopLoss: according to the pattern rules. - Sell according to the pattern in Intermediary Zone 109.14 – 108.72.
TakeProfit: 104.62.
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.
