Yesterday, the short-term oil trend reversed up. The Intermediary Zone 90.10 – 89.67 was broken out. Now the growth target is August 19 high. If the high is updated, the growth will continue with the target in the upper Target Zone 94.83 – 93.97.
Enter oil purchases after the August 19 high update and a correction. In this case, set strong support levels, such as Additional Zone and Intermediary Zone, and wait for a correction and look for a buy pattern.
USCrude trading ideas for today:
Watch the market.