The short-term oil uptrend continues. The Gold Zone 98.70 – 98.27 serves as the main growth target.
The trend key support of 91.28 – 90.85 was tested last week. This led to a buyers’ reaction and a price increase. Therefore, today the uptrend continues. Consider long trades according to the pattern with the first target at August 25 high.
To enter oil sales, traders need to break out the Intermediary Zone and consolidate the price lower.
USCrude trading ideas for today:
Buy according to the pattern in Intermediary Zone 91.28 – 90.85.
StopLoss: according to the pattern rules.