Oil price forecast for today: USCrude analysis  02.11.2022

Oil short-term uptrend continued yesterday. The upside target is the high of October 27. If this high is broken through, the price could break out Target Zone 89.51 – 88.76. In case Target Zone is broken out, the next upside target will be Gold Zone 92.88 – 92.51.

It will be relevant to sell oil if the price breaks out Intermediary Zone 85.54 – 85.17 and consolidates below at the US trade session. This scenario is now unlikely.

USCrude trading ideas for today:

Monitor the market

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