The oil price continues growing. The price broke through the high of April 3. The next target is the Gold Zone 82.56 – 82.27.
One could enter new oil purchases on the correction to support (A) 78.89 – 78.60 and support (B) 77.44 – 77.00.
It will be relevant to sell when the trend turns down. This scenario will be relevant if the price breaks out level 77.00 and consolidates below.
USCrude trading ideas for today:
- Buy according to the pattern at support (А) 78.89 – 78.60.
TakeProfit: 81.70.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 77.44 – 77.00.
TakeProfit: 81.70.
StopLoss: according to the pattern rules.
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