The oil price is going down to support (А) 71.79 – 71.50. Once this zone is tested, one could enter purchases up to the high of May 24. If the high of May 24 is broken through, the next upside target is the Gold Zone 75.85 — 75.56.
If the price goes below the low of May 25, it will test the trend key support 70.34 – 69.90. One could enter buy trades in the zone with a target at the high of May 24.
USCrude trading ideas for today:
- Buy according to the pattern at support (А) 71.79 – 71.50.
TakeProfit: 74.62.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 70.34 – 69.90.
TakeProfit: 74.62.
StopLoss: according to the pattern rules.
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