Oil price forecast for today: USCrude analysis
In the longer timeframe, the oil price is being corrected. The correction has started from Target Zone 5 [41.67 – 40.92]. The target of the down move is the trend key support Target Zone [35.54 – 34.86]. When the key support is tested, I recommend entering purchases according to the pattern.
Oil is being corrected in the shorter timeframe. Last week, the price tested the key support of the local uptrend [38.94 – 38.60]. Buyers reacted and the price rose a little. The price growth, however, was stopped in the resistance zone [40.34 –…
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