Oil price forecast for today: USCrude analysis
Oil is trading in the middle-term uptrend. The price is now under the 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 timeframe indicates the short-term uptrend, whose target is to break through the June’s high. Last week, there emerged the 1-2-3 pattern to buy. It is now being traded.
For today, I recommend expecting the price to break…
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