The oil price has broken through the high of May 10. The oil traders should try to break out the Target Zone 73.53 – 72.66 and consolidate the price above. In this case, the next upside target will be the Gold Zone. Otherwise, the market will be corrected down.
It is relevant to enter new purchases on the correction at strong support levels: the zones of 71.02 – 70.73 and 69.57 – 69.14. The first upside target is around today’s high.
USCrude trading ideas for today:
- Buy according to the pattern at support (А) 71.02 – 70.73.
TakeProfit: 73.85.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 69.57 – 69.14.
TakeProfit: 73.85.
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.
