Oil price forecast for today: USCrude analysis 15.12.2021

Oil is trading in the correction to a short-term uptrend. Currently, the traders are trying to break out the key support 70.23 – 69.94. If the price returns to support and forms a buy pattern, open long oil trades with the target around level 73.08.

If the price consolidates below the trend key support, then the trend will reverse down. In this case, consider oil sales with a target in the lower Target Zone 67.31 – 66.72.

USCrude trading ideas for today:

Buy according to the pattern in Intermediary Zone 70.23 – 69.94.

TakeProfit: 73.08, Target Zone 2 74.59 – 74.01.

StopLoss: according to the pattern rules.

Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.