Oil price forecast for today: USCrude analysis
Oil is trading in the middle-term uptrend. The price is now under the strong resistance Target Zone 5 [41.67 – 40.92]. It the resistance is broken out, the next upside target will be Target Zone 6 [49.17 — 48.42].
The oil short-term trend is up. The target is to break through the high of June 23. Hold the rest of the purchases entered in Additional Zone [39.06 – 38.87] at the breakeven.
We can draw a new intraday support down form today’s high. The support is now in the price zone of [39.32 -…
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