Oil price forecast for today: USCrude analysis 03.12.2021

Yesterday, the short-term oil trend reversed up. The Intermediary Zone 65.11 – 64.86 was broken out. Today the price has reached the main target within the trend, the Target Zone 67.92 – 67.41. Further price growth will become possible after breaking out the Target Zone and price consolidation above level 67.92 at the US trading session.

It is profitable to consider oil purchases at strong support levels. Additional Zone 66.47 – 66.35 and Intermediary Zone 65.20 – 64.94 are strong supports today. The latter serves as the border of a short-term uptrend. Focus on today’s high as a target for purchases.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 66.47 – 66.35.
  2. TakeProfit: 67.70.
  3. StopLoss: according to the pattern rules.

  1. Buy according to the pattern in Intermediary Zone 65.20 – 64.94.
  2. TakeProfit: 67.70.
  3. StopLoss: according to the pattern rules.

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.