The short-term oil trend reversed up. Yesterday, the Intermediary Zone 77.42 – 77.17 was broken out. The target for today is the upper Target Zone 80.23 – 79.72. Look for new purchases on correction at strong support levels.
The Additional Zone 77.51 – 77.38 and the Intermediary Zone 76.23 – 75.98 serve as strong supports. A pattern is required to open a position. Consider today’s high of the day as the first target.
USCrude trading ideas for today:
- Buy according to the pattern in Additional Zone 77.51 – 77.38.
- TakeProfit: 78.73.
- StopLoss: according to the pattern rules.
- Buy according to the pattern in Intermediary Zone 76.23 – 75.98.
- TakeProfit: 78.73.
- StopLoss: according to the pattern rules.
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