Oil Forecast for today: USCrude analysis 27.01.2022

The oil price realized the priority buying pattern and updated 20 January’s high. The next target within a short-term uptrend is the Target zone 2, 88.69 – 88.10. 

After updating a local high, the price corrected and tested the Additional zone 85.93 – 85.78. As long as the Additional zone is held, consider long positions targeted at yesterday’s high.

Sell oil with a target in the Intermediary zone 84.39 – 84.09 once the Additional zone is broken to the downside. 

Trading plan for USCrude for today:

Buy according to the pattern from Additional Zone 85.93 – 85.78.

TakeProfit: 87.42.

Target zone 2 at 88.69 – 88.10.

StopLoss: According to pattern rules.

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