Oil price forecast for today: USCrude analysis 09.06.2023

The oil short-term uptrend continues. The oil traders tested support (B) 69.96 – 69.53 yesterday, and buyers provoked the price growth. Today, I suggest entering purchases around support (B) zone according to the pattern with a target at the high of June 5. If this high is broken through, the next upside target will be the Target Zone 76.67 — 75.80.

To trend will turn down if the price goes below yesterday’s low and consolidates lower. If so, one could enter sell trades next week with a target in the lower Target Zone 65.61 – 64.74. 

USCrude trading ideas for today:

Buy according to the pattern at support (В) 69.96 – 69.53.
TakeProfit: 74.23.
StopLoss: according to the pattern rules.





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