Today the short-term oil trend reversed up. The Intermediary Zone 70.08 – 69.83 was broken out. Now the target for purchases is the upper Target Zone 72.89 – 72.38. At the moment, the price is correcting and decreasing, testing the Additional Zone 70.73 – 70 61. I recommend looking for a buy pattern in the beforementioned AZ to update today’s high and test the upper Target Zone 72.89 – 72.38.
If the Additional Zone is broken out downside during today’s trading session, expect a further decline and a test of the Intermediary Zone 69.46 – 69.20. The IZ mentioned above serves as the border of the short-term uptrend. Therefore, after reaching it, look for a buy pattern again.
USCrude trading ideas for today:
- Buy according to the pattern in Additional Zone 70.73 – 70.61.
- TakeProfit: 71.97.
- StopLoss: according to the pattern rules.
- Buy according to the pattern in Intermediary Zone 69.46 – 69.20.
- TakeProfit: 71.97.
- StopLoss: according to the pattern rules.
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