Oil price rose and reached the main target in the short-term uptrend. The price tested the Target Zone 81.80 – 80.75. If this zone is broken out, the next upside target will be Gold Zone 84.60 – 84.25.
I suggest entering new purchases on the correction at strong levels, support (A) 77.56 – 77.21 and support (B) 75.81 – 75.29. The first upside target will be today’s high.
USCrude trading ideas for today:
- Buy according to the pattern at support (А) 77.56 – 77.21.
TakeProfit: 81.00.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 75.81 – 75.29.
TakeProfit: 81.00.
StopLoss: according to the pattern rules.