Oil price forecast for today: USCrude analysis 01.03.2022

The short-term oil uptrend continues with a target in the Target Zone 97.91 – 97.15. Yesterday, traders tested strong support, the Additional Zone 94.85 – 94.66. This zone was held. As a result, the buy pattern was formed and worked out today.

If the TZ is broken out upside and the price closes higher at the American trading session, then the next buy target will be the Gold Zone 101.33 – 100.95.

If the AZ is broken out downside during trading, the correction will continue with the target in the Intermediary Zone 92.95 – 92.57. The IZ serves as the border of the trend.

USCrude trading ideas for today:

Hold up buy trades entered in Additional Zone 94.85 – 94.66.

TakeProfit: 97.15.

StopLoss: at the breakeven.

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