The short-term oil trend reversed up. Yesterday, the Intermediary Zone 99.85 – 99.41 was broken out. Now the target for purchases is the upper Target Zone 104.66 – 103.79. It is profitable to look for purchases on correction at strong support levels, Additional Zone 100.27 – 100.05 and Intermediary Zone 98.08 – 97.65.
If, within the correction, the price decrease causes the AZ breakout, start oil sales with the target in the trend border of 97.65.
USCrude trading ideas for today:
- Buy according to the pattern in Additional Zone 100.27 – 100.05.
TakeProfit: 102.35, Target Zone 104.66 – 103.79.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 98.08 – 97.65.
TakeProfit: 102.35, Target Zone 104.66 – 103.79.
StopLoss: according to the pattern rules.
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