Oil price forecast for today: USCrude analysis 09.06.2022

Yesterday, buyers broke out the upper Target Zone 119.53 – 118.66. The next buy target is the Gold Zone 123.47 – 123.03. The price is currently correcting. The test of the Additional Zone 119.24 – 119.03 serves as a possible correction target.

After testing the Additional Zone, consider new oil purchases according to the pattern with a target at yesterday’s high. If the AZ is broken out downside, the correction will continue with the target in the Intermediary Zone 117.15 – 116.73. The IZ serves as the border of a short-term uptrend. After testing it, also look for purchases.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 119.24 – 119.03.
    TakeProfit: 121.26.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 117.15 – 116.73.
    TakeProfit: 121.26.
    StopLoss: according to the pattern rules.

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