Oil price forecast for today: USCrude analysis 12.03.2024

Yesterday, traders tested support (A) 77.01 – 76.68. This support was held, and the price went up from it. If growth continues today, the purchase target will be March 1 high. After updating this high, the next purchase target will be the upper Target Zone 82.34 – 81.35.

If, during trading, support (A) is broken out and the price consolidates lower, the next correction target will be support (B) 75.36 – 74.87. Support (B) serves as the trend’s border. You can also consider purchases there.

USCrude trading ideas for today:

  1. Buy according to the pattern at support (А) 77.01 – 76.68.
    TakeProfit: 80.28.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 75.36 – 74.87.
    TakeProfit: 80.28.
    StopLoss: according to the pattern rules.



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