Oil price forecast for today: USCrude analysis
Oil is trading in the medium-term uptrend. The price is now trading under the strong resistance Target Zone 5 [41.67 – 40.92]. If it is broken out, the next growth target will be Target Zone 6 [49.17 – 48.42].
Otherwise, the price will be corrected down to the trend key support [33.64 — 32.86].
The short-term trend is up. The price broke out the intraday resistance Additional Zone [40.37 – 40.20] yesterday. The trading ideal to sell oil on the correction didn’t work out.
We shall now expect until the high of June is…
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