Oil is maintaining a short-term downtrend. Today, an upward correction is developing. If the correction continues, the asset will grow to the resistance area (A) 69.98 – 69.68. Once this area is reached, consider short trades with the first target of 68.35 and the second one at the Friday low of 66.71.
The trend’s boundary is shifting to 71.61 – 71.17. If the price tests this zone today, consider short trades near this area.
USCrude trading ideas for today:
Sell at resistance (A) 69.98 – 69.68.
TakeProfit: 68.35.
StopLoss: 70.54.
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