EnglishMyanmar (Burmese)

Oil price forecast for today: USCrude analysis 02.02.2022

A flat oil pattern has been formed between levels 87.65 and 86.15. When the price exits the flat up, consider oil purchases with a target in the Golden Zone 2 91.32 – 91.03. When the price exits the flat down, consider oil sales with the target at the level of 84.82.

Level 84.82 serves as the border of a short-term uptrend. After reaching it, it will be possible to consider long trades according to the patterns.

If the trend key support is broken out during the trading session, then the target for sales will be the lower Target Zone 82.05 – 81.43.

USCrude trading ideas for today:

  1. Sell from the level of 87.65.

    TakeProfit: 85.76.

    StopLoss: 88.36.
  2. Buy from the level of 85.76.

    TakeProfit: 87.65.

    StopLoss: 85.06.


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.