EnglishMyanmar (Burmese)

Oil price forecast for today: USCrude analysis 16.06.2022

The short-term oil downtrend continued yesterday. As a result, the Target Zone 112.97 – 112.14 was reached. After reaching the TZ, oil corrected and tested the Additional Zone 114.63 – 114.42.

The Additional Zone is a strong resistance level in which it is possible to consider new sales with the first target at yesterday’s low.

If yesterday’s low is updated, there will be a high probability of breaking out the Target Zone. In this case, the next sales target will be the Gold Zone 108.80 – 108.38.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 114.63 – 114 42.
    TakeProfit: 112.38.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 116.93 – 116.51.
    TakeProfit: 112.38.
    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.