Oil price forecast for today: USCrude analysis  15.03.2022 

Oil price continues to decline. Yesterday, the Target Zone 99.83 – 98.63 was reached within the short-term downtrend. Today this zone was broken out. The next target for sales is the Gold Zone 93.83 – 93.23.

Consider new oil sales on correction at strong resistance levels, Additional Zone 98.54 – 98.24 and Intermediary Zone 101.84 – 101.24. Enter sales only after the formation of the corresponding pattern.

Focus on today’s low as the first target for sales. The second target will be the Gold Zone.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 98.54 – 98.24.

    TakeProfit: Gold Zone 93.83 – 93.23.

    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 101.84 – 101.24.

    TakeProfit: Gold Zone 93.83 – 93.23.

    StopLoss: according to the pattern rules.

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