Oil is maintaining its short-term downtrend. Yesterday, a correction started. If it continues today, the price may climb to the resistance (A) 74.04 – 73.71. Once this zone is reached, one may consider short trades with the first target of 72.22 and the second one near yesterday’s low of 70.41.
If the asset breaks through the resistance (A) today, the correction will continue to the trend boundary 75.85 – 75.36. Consider short trades near this zone.
USCrude Trading Ideas for Today:
Sell near resistance (A) 74.04 – 73.71.
TakeProfit: 72.22, 70.41.
StopLoss: 74.68.
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