The short-term oil downtrend continues. At the moment the price is correcting in the zone of good sell prices of 98.89 – 95.29. Use it to look for new short trades with the target in Target Zone 2 87.83 – 86.63.
To enter oil purchases, it is required to break out level 98.89 and consolidate the price higher at the American session. After that, the short-term trend will reverse up, and the upper Target Zone 105.49 – 104.29 will become the target for purchases.
USCrude trading ideas for today:
Sell according to the pattern in the zone of 98.89 – 95.29.
TakeProfit: Target Zone 2 87.83 – 86.63.
StopLoss: according to the pattern rules.
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
