Oil price forecast for today: USCrude analysis 10.02.2022

Oil buyers held the short-term uptrend. Therefore, the growth target remains February 4 high in the Gold Zone 91.32 – 91.03. If this high is updated and the price consolidates higher, the next growth target will be the Target Zone 3 94.54 – 93.95.

Today, the search for oil purchases is of primary importance. To enter purchases, wait for the pattern formation.

Oil sales require a breakout of level 87.75. In this case, the short-term trend will reverse down, and the target for sales will be the lower Target Zone 85.61 – 85.00.

USCrude trading ideas for today:

Buy according to the pattern in Intermediary Zone 88.69 – 88.38.

TakeProfit: 91.75.

StopLoss: according to the pattern rules.

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