The oil short-term trend turned down on Friday. The price broke out the Intermediary Zone 96.37 – 95.94. Now, the downside target is the Target Zone 92.07 – 91.21. I recommend entering new oil sell trades on the correction to the strong resistance levels. The strong resistances are the Additional zone 94.97 – 94.75 and the Intermediary Zone 97.33 – 96.90. The latter one is the trend border.
If the Target Zone is broken out downside and the price closed below it at the American session, the next downside target will be the Gold Zone 87.77 — 87.34.
USCrude trading ideas for today:
- Sell according to the pattern in Additional Zone 94.97 – 94.75.
TakeProfit: 92.68.
StopLoss: according to the pattern rules. - Sell according to the pattern in 97.33 – 96.90.
TakeProfit: 92.68.
StopLoss: according to the pattern rules.
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