Oil corrected in the short-term uptrend’s key support of 108.51 – 108.09. The growth target is the Gold Zone 114.06 – 113.64. Today it is profitable to look for oil purchases according to the pattern with the first target around yesterday’s high.
If, during trading, the Intermediary Zone is broken out downside and the price closes lower in the American trading session, the short-term oil trend will reverse down. In this case, look for oil sales with the target in the lower Target Zone 104.33 – 103.50.
USCrude trading ideas for today:
Buy according to the pattern in Intermediary Zone 108.51 – 108.09.
TakeProfit: 112.60.
StopLoss: according to the pattern rules.
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