Yesterday’s price rise due to the tragic news from Ukraine was completely offset by the fall in the American trading session. Thus, the short-term oil trend reversed down. As a result, the lower Target Zone 93.18 – 92.50 was reached. This zone was held, and the price went into correction. The Intermediary Zone 94.71 – 94.37 was tested as part of the correction. The IZ, which serves as the trend border, is currently being held.
Today, oil sales according to the pattern in the zone of 96.58 – 94.37 is a matter of primary importance. Focus on yesterday’s low as the first target for sales. Consider the Gold Zone 89.78 – 89.44 as the second sales target.
USCrude trading ideas for today:
Sell according to the pattern in the zone of 96.58 – 94.37.
TakeProfit: 91.05, Gold Zone 89.78 – 89.44.
StopLoss: according to the pattern rules.
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