The short-term oil trend reversed up yesterday. The Intermediary Zone 85.38 – 85.01 was broken out. Now the target for purchases is the upper Target Zone 89.51 – 88.76.
The price is currently correcting with a possible target to test the Additional Zone 86.15 – 85.96. After the AZ test, consider new purchases according to the pattern with a target at today’s high.
The trend key support is located in the zone of 84.27 – 83.90. If the price corrects in this zone, also consider purchases.
USCrude trading ideas for today:
- Buy according to the pattern in Additional Zone 86.15 – 85.96.
TakeProfit: 88.00.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 84.27 – 83.90.
TakeProfit: 88.00.
StopLoss: according to the pattern rules.
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