Oil short-term trend turned up yesterday. The upside target is now the upper Target Zone 86.02 – 84.89. I recommend entering new buy trades on the correction to strong support levels, support (A) 77.63 – 77.26 and support (B) 75.76 – 75.20.
To enter long trades, expect a correction down to the abovementioned zones and spot a buy pattern. The first buy target is yesterday’s high.
If yesterday’s high is broken through today, the support levels should be rearranged.
USCrude trading ideas for today:
- Buy according to the pattern at support (A) 77.63 – 77.26.
TakeProfit: 81.27.
StopLoss: according to the pattern rules. - Buy according to the pattern at support (В) 75.76 – 75.20.
TakeProfit: 81.27.
StopLoss: according to the pattern rules.
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