Oil price forecast for today: USCrude analysis 06.04.2022

The short-term oil downtrend continues. Yesterday, the price fell, and the trading session closed it below level 102.26. Today consider sales according to the pattern with a target at April 1 low.

If the Target Zone 96.93 – 95.86 is broken out downside, the next target will be the Gold Zone 91.56 – 91.02.

To enter oil purchases, traders need to consolidate the price above level 102.80. This will cause the breakout of key resistance and the trend reversal up.

USCrude trading ideas for today:

Sell according to the pattern/hold sell trades entered in the Intermediary Zone 102.80 – 102.26.

TakeProfit: 96.93.

StopLoss: 104.70.

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