The oil traders are trying to turn the oil short-term trend up via the breakout of the key resistance 97.13 – 96.70. If the US session closes the price above the Intermediary Zone, the trend will reverse up. If so, it will be relevant to enter long positions with a target in the upper Target Zone 101.86 – 101.00.
If the price returns to a level below 96.70, expect a sell pattern. Once there is a pattern to sell, it will be relevant to sell oil with a target at the low of July 25.
USCrude trading ideas for today:
Sell according to the pattern in the Intermediary Zone 97.13 – 96.70.
TakeProfit: 92.50.
StopLoss: according to the pattern rules.

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.