Oil price forecast for today: USCrude analysis
Middle-term oil trend stays upward. The last week was trading below the resistance Target Zone 5 [41.67 – 40.92]. Today the market opened in the resistance.
If the zone is broken out, then the new growth target will be Target Zone 6 [49.17 – 48.42]. If you see a trend reversal pattern, then sell oil in correction up to the key support level [35.54 – 34.86].
The short-term trend is upward. At the time, the price is testing a strong support zone – Additional Zone [40.64 – 40.47]. I recommend looking for longs from this zone according to…
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