Oil price forecast for today: USCrude analysis 13.01.2023

Oil short-term trend turned up yesterday. The price broke out resistance (В) 78.40 – 77.87. The upside target is now the upper Target Zone 84.17 – 83.12.

One could enter long trades on the correction to strong support levels, support (А) 75.83 – 75.48 and support (В) 74.08 – 73.56. Before you enter a purchase, expect the test of either zone and a corresponding pattern. 

The first upside target is around yesterday’s high.

USCrude trading ideas for today:

  1. Buy according to the pattern at support (А) 75.83 – 75.48.
    TakeProfit: 79.29.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 74.08 – 73.56.
    TakeProfit: 79.29.
    StopLoss: according to the pattern rules.






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