Oil Forecast for today: USCrude analysis 09.12.2021

Oil’s short-term trend remains upward. Traders tested the Additional Zone 71.34 – 71.19 yesterday, and 7 December’s high was updated. The next growth target is the Target Zone 74.59 – 74.01.

Consider opening new long trades in oil on corrections from the important levels, such as the Additional Zone 71.70 – 71.55 and the Intermediary Zone 70.23 – 69.94. Today’s high will be the first buying target.

Trading plan for USCrude for today:

  1. Buy according to the pattern from Additional Zone 71.70 – 71.55.
  2. TakeProfit: 72.73.
  3. StopLoss: According to pattern rules.

  1. Buy according to the pattern from Intermediary Zone 70.23 – 69.94.
  2. TakeProfit: 72.73, Target Zone 2 at 74.59 – 74.01.
  3. StopLoss: According to pattern rules.

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