Oil price forecast for today: USCrude analysis 15.02.2022

Yesterday, as part of a short-term uptrend, buyers updated the local high and reached the Target Zone 3 94.54 – 93.95. Now the price is correcting. A possible correction target is a test of the Additional Zone 92.30 – 92.13. After the AZ test, look for new purchases according to the pattern with a target at yesterday’s high.

After the AZ breakout and price consolidation below, the price will go into a deep correction with the target in the Intermediary Zone 90.60 – 90.26. The IZ serves as the border of a short-term uptrend, so after reaching it, look for purchases as well. 

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 92.30 – 92.13.
  2. TakeProfit: 93.95.
  3. StopLoss: according to the pattern rules.

  1. Buy according to the pattern in Intermediary Zone 90.60 – 90.26.
  2. TakeProfit: 93.95.
  3. StopLoss: according to the pattern rules.

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