The short-term oil downtrend continued yesterday. As a result, the October 21 low was updated, and a 123 sell pattern was formed. After updating October 21 low, the price corrected and provided a profitable entry point.
Today hold short trades with a target at October 18 low, which is in the Gold Zone 81.36 – 80.99.
If during the trading the Intermediary Zone is broken out upside, the short-term trend will reverse up. In this case, the target for purchases will be the upper Target Zone 89.51 – 88.76.
USCrude trading ideas for today:
Hold sell trades entered in Intermediary Zone 85.38 – 85.01.
TakeProfit: 81.35.
StopLoss: 85.73.
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