The oil short-term uptrend continues. The price reached Target Zone 81.80 – 80.75 yesterday. The market is being corrected now. The correction target is likely to be the test of support (A) 77.67 – 77.32.
After support (A) is tested, I suggest entering new purchases according to the pattern with a target at yesterday’s high.
If support (A) is broken out downside, the correction will continue with a target at the trend border 75.92 – 75.40. After the trend border is tested, I recommend entering buy trades with a target at the high of December 27.
USCrude trading ideas for today:
- Buy according to the pattern at support (А) 77.67 – 77.32.
TakeProfit: 81.10.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 75.92 – 75.40.
TakeProfit: 81.10.
StopLoss: according to the pattern rules.
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