Oil price forecast for today: USCrude analysis 20.12.2021

Today the oil sales in the Intermediary Zone 72.41 – 72.12 worked out. The December 15 minimum was updated. The Intermediary Zone 70.23 – 69.94 was also broken through. The short-term trend has changed to a downtrend and now the target for sales is the lower Target Zone 67.31 – 66.72.

Look for new short oil trades at corrections to strong resistance levels. Strong resistance levels today are Additional Zone 69.37 – 69.23 and Intermediary Zone 70.98 – 70.69.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 69.37 – 69.23.
  2. TakeProfit: 67.88.
  3. StopLoss: according to the pattern rules.

  1. Sell according to the pattern in Intermediary Zone 70.98 – 70.69.
  2. TakeProfit: 67.88.
  3. StopLoss: according to the pattern rules.


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