Yesterday, the oil price has broken through the high of January 18 in the short-term uptrend. The next upside target is Target Zone 84.17 – 83.12. It is relevant to enter new oil purhcases on the correction to strong support levels.
Strong support levels are support (A) 79.17 – 78.82 and support (B) 77.42 – 76.89. To enter a long, there should be a buy pattern.
It will be relevant to sell when the short-term trend turns down. It will happen if the price breaks out level 76.89.
USCrude trading ideas for today:
- Buy according to the pattern at support (А) 79.17 – 78.82.
TakeProfit: 82.63.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 77.42 – 76.89.
TakeProfit: 82.63.
StopLoss: according to the pattern rules.
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