EnglishMyanmar (Burmese)

Oil Forecast for today: USCrude analysis 25.05.2022

Oil traded in the Additional Zone 109.03 – 108.82 yesterday. This zone is a strong support level. As we are dealing with a short-term uptrend, we could open long positions in the Additional Zone according to the pattern with the first target at 23 May’s high and a second target in the upper Target Zone at 112.59 – 111.72.

If the upper Target Zone is broken out today, the next buying target will be the Gold Zone 116.53 – 116.09.

In an alternative scenario where we sell oil, the price is supposed to consolidate below the Additional Zone during the US session. If so, a correction will continue with a target at the trend’s boundary, 106.85 – 106.41.

Trading plan for USCrude for today:

Buy according to the pattern from Additional Zone 109.03 – 108.82.

TakeProfit: 110.60, Target Zone 112.59 – 111.72.

StopLoss: according to pattern rules.





Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.