The oil short-term downtrend continues today. The price reached Gold Zone 74.16 – 73.78. The price could be corrected up and test the nearest resistance levels.
I recommend entering new sell trades on the correction either at resistance (A) 77.98 – 77.61 or at resistance (B) 80.04 – 79.48. Resistance (B) is the trend border. The downside target will be around today’s low.
If the market continues declining and breaks out Gold Zone, the next downside target will be Target Zone 3, 70.41 – 69.66.
USCrude trading ideas for today:
- Sell according to the pattern at resistance (А) 77.98 – 77.61.
TakeProfit: 74.10.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (B) 80.04 – 79.48.
TakeProfit: 74.10.
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.
