Yesterday oil tested the Additional Zone 100.27 – 100.05. The AZ serves as a strong support in which it is possible to look for purchases within a short-term uptrend. To enter purchases, wait for the corresponding pattern. The first target is yesterday’s high. The second target is the Target Zone 104.66 – 103.79.
If the Additional Zone is broken out downside during the trading session, then the correction will continue with the target in the Intermediary Zone 98.08 – 97.65. The IZ serves as the border of a short-term uptrend. After reaching it, look for purchases.
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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