Oil price forecast for today: USCrude analysis 10.08.2022

The short-term oil downtrend continues. Yesterday, traders tested the trend key resistance 91.10 – 90.67. The zone was held. Today, consider a sales pattern in order to update the August 5 low.

If the August 5 low is updated, the Gold Zone 88.02 – 87.59 will be broken out. Therefore, the new target for sales will be the Target Zone 2, 83.72 – 82.86.

USCrude trading ideas for today:

Sell according to the pattern in Intermediary Zone 91.10 – 90.67.

TakeProfit: 86.47.

StopLoss: according to the pattern rules.

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