Sell on a level breakthrough of 1.3385 with 1.3300 target. Stop loss = 1.3435.
Reason for the trading strategy
According to the US Department of Energy, the US crude oil inventories rose by 10.374 million barrels for the last week, but gasoline stocks fell by 1.468 million barrels, and the oil production decreased from 9.102 million to 9.077 million barrels per day. The statistics provided support for the oil futures. Currently, the WTI oil is trading at just below $35 per barrel.