Oil price forecast for today: USCrude analysis
Oil price has stopped under the resistance Target Zone 5 [41.67 – 40.92]. According to margin zones, good price to buy oil will be in:
either in the trend key support zone [35.54 – 34.86];
or after the breakout of TZ5 and the consolidation above, on the zone retest.
In the shorter timeframe, oil is trading in the short-term uptrend. The price is now rising from the key support [38.94 – 38.60]. The upside target is the high of July.
The price yet can’t break through the strong resistance Target Zone 5 [41.67 -…
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