The oil short-term uptrend continues on Friday morning. The primary upside target is the Target Zone 2, 88.69 – 88.10. Yesterday, the price was being corrected and tested the Additional Zone 86.46 – 86.30. The zone hasn’t been broken out, so one could consider entering purchases there.
If the additional zone is broken out downside, the price will be corrected down to the Intermediary Zone 84.92 – 84.61. The Intermediary Zone is the border of the short-term uptrend. When the price reaches it, we shall consider first of all entering purchases according to the pattern with the above-indicated target.
USCrude trading ideas for today:
- Buy according to the pattern in Additional Zone 86.46 – 86.30.
TakeProfit: Target Zone 2, 88.69 – 88.10.
StopLoss: according to the pattern rules. - Buy according to the pattern in Intermediary Zone 84.92 – 84.61.
TakeProfit: Target Zone 2, 88.69 – 88.10.
StopLoss: according to the pattern rules.
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