On Thursday morning, the short-term oil uptrend continues. The target of the trend is to test the upper Target Zone 80.23 – 79.72. Yesterday, the price went into correction and approached the Additional Zone 77.74 – 77.61. Today, expect the continuation of the correction and the test of the Additional Zone.
After testing the AZ, look at the buyers’ reaction and look for a buy pattern with the first target in the zone of yesterday’s high, and with the second target in the Target Zone.
If the Additional Zone is broken out and the price consolidates below, then the correction will continue with the target in the zone of the trend border 76.46 – 76.21.
USCrude trading ideas for today:
- Buy according to the pattern in Additional Zone 77.74 – 77.61
- TakeProfit: 78.97.
- StopLoss: according to the pattern rules.
- Buy according to the pattern in Intermediary Zone 76.46 – 76.21
- . TakeProfit: 78.97.
- StopLoss: according to the pattern rules.
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