Oil price forecast for today: USCrude analysis 14.06.2022

Yesterday, the price didn’t break out the Intermediary Zone 117.15 – 116.73. Thus, the short-term uptrend continued. Today the search for oil purchases according to the pattern with the target at June 8 high is a priority. After updating June 8 high, expect the price to reach the Gold Zone 123.47 – 123.03.

The short-term trend reversal by breaking out the Intermediary Zone downside is required for entering sales. In this case, consider short trades with the target in the lower Target Zone 112.97 – 112.14.

USCrude trading ideas for today:

Buy according to the pattern in Intermediary Zone 117.15 – 116.73.
TakeProfit: 121.26.
StopLoss: according to the pattern rules.

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