Oil price forecast for today: USCrude analysis 01.04.2022

The short-term oil trend reversed down yesterday. The Intermediary Zone 102.31 – 101.77 was broken out. Now the sell target is the lower Target Zone 96.93 – 95.86. I recommend entering oil sales on correction in the zone of 103.59 – 100.36.

If the Target Zone is broken out downside during trading, the next target will be the Gold Zone 91.56 – 91.02. To enter oil purchases, traders need to break out level 103.59 and consolidate the price higher. In this case, the short-term trend will reverse up.

USCrude trading ideas for today:

Sell from the level of 101.88.

TakeProfit: 96.37.

StopLoss: 104.28.

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