Oil price forecast for today: USCrude analysis
Oil is trading in the correction in the medium-term timeframe. 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.
If Target Zone 5 is broken out upside with the price consolidation above, the next upside target will be TZ 6 [49.17 – 48.42]. In this case, we shall enter buy trades on the retest of the broken-out zone.
There is not yet…
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