Oil price forecast for today: USCrude analysis 16.02.2022

Oil buyers held short-term uptrend’s key support 90.60 – 90.26. Today, the search for purchases according to the pattern is of primary importance. The buy target will be February 14 high, in the Target Zone 3 94.54 – 93.95.

If there is no buy pattern, wait for the trend key support to be broken out. After the breakout and price consolidation below, consider oil sales. The target for sales will be the lower Target Zone 87.20 – 86.52.

USCrude trading ideas for today:

Buy according to the pattern in Intermediary Zone 90.60 – 90.26.

TakeProfit: 93.95.

StopLoss: according to the pattern rules.

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