Yesterday, oil broke through the resistance (B) 69.65 – 69.20 but failed to reverse the short-term downtrend. Today, the price has returned to the resistance. If the price remains in this zone today, consider short trades with the first target of 67.18 and the second one of 64.74.
If the asset pierces the resistance (B) and closes higher in the US trading session, the downtrend will reverse. If so, consider long trades with the target in the upper Target Zone 74.59 – 73.70, starting from tomorrow.
USCrude trading ideas for today:
Watch the market.
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.
