Oil continues trading flat in the range of 74.37 – 66.95. The price is rising from the lower border of the range. The price reached resistance (А) 70.32 – 70.03. Unless this zone is broken out, one could enter sell trades with a target at the low of June 28. Otherwise, the price will go up to resistance (В) 71.91 – 71.48.
If the price reaches resistance (B), one could also enter sell trades with the above-mentioned target.
USCrude trading ideas for today:
- Sell according to the pattern at resistance (А) 70.32 – 70.03.
TakeProfit: 67.20.
StopLoss: according to the pattern rules. - Sell according to the pattern at resistance (В) 71.91 – 71.48.
TakeProfit: 67.20.
StopLoss: according to the pattern rules.
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