Oil price forecast for today: USCrude analysis 17.11.2022

Traders are breaking through the lower Target Zone 85.41 – 84.66. The next downside target is Gold Zone 81.66 – 81.28. After the GZ is reached by the price, there might start a correction, that will give an opportunity to enter short trades at good prices.

The trend border is the zone of 87.67 – 87.29. If the price is corrected up to this zone, I suggest entering new sell trades with a target at yesterday’s low.

If the Intermediary Zone is broken out upside, the short-term trend will turn up. In this case, it will be relevant to buy oil.

USCrude trading ideas for today:

Monitor the market.

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.