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Oil price forecast for today: USCrude analysis 21.12.2021

The oil price has corrected to the area of key resistance of the short-term downtrend, 69.31 – 69.01. This resistance is still being held by sellers, so I suggest looking for a sell pattern and selling oil with the target at yesterday’s minimum.

If the Intermediary Zone is broken through today during the American trading session, the short-term trend will change to an upward one. In this case, the target for longs will be the upper Target Zone, 72.52 – 71.94.

USCrude trading ideas for today:

Sell according to the pattern in Intermediary Zone 69.31 – 69.01.

TakeProfit: 66.43.

StopLoss: according to the pattern rules.



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