Yesterday, oil prices broke below the key support of a short-term uptrend at 67.53 – 67.09, thus reversing the trend to the downside. So, consider selling the asset with a target in the lower Target Zone of 63.13 – 62.25.
New shorts could be opened once strong resistance levels — resistance (А) 68.51 – 68.25 and (В) 69.93 – 69.54 — have been tested. After the test, look for a reversal pattern to enter a short position.
USCrude Trading Ideas for Today:
Sell near resistance (А) 68.51 – 68.25.
TakeProfit: 67.07, 65.65.
StopLoss: 69.00.
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