Oil price forecast for today: USCrude analysis 13.02.2023

The oil short-term trend turned up last Friday. The price broke out the key resistance 78.26 – 77.73. Now, the target is the upper Target Zone 84.03 – 82.98.

It is relevant to enter new purchases on the correction at the strong support levels, support (A) 76.96 – 76.61 and support (В) 75.21 – 74.69. To open buy positions, expect the test of the above-mentioned zones and spot a buy pattern. The first upside target is the high of February 10.

USCrude trading ideas for today:

  1. Buy according to the pattern at support (А) 76.96 – 76.61.
    TakeProfit: 80.41.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 75.21 – 74.69.
    TakeProfit: 80.41.
    StopLoss: according to the pattern rules.

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