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.





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