Oil price forecast for today: USCrude analysis 21.12.2022

The oil short-term uptrend continues. The first upside target is the high of December 15. The second target is the upper Target Zone 81.80 – 80.75. The price is rising from support (A) 74.06 – 73.69.

Today, I recommend holding up long trades at a breakeven, according to the previous trading recommendations. If support (A) is broken out the correction will continue down to support (B) 72.19 – 71.62.

USCrude trading ideas for today:

  1. Hold up purchases entered at support (А) 74.06 – 73.69.
    TakeProfit: 77.77.
    StopLoss: at breakeven.
  2. Buy according to the pattern at support (В) 72.19 – 71.62.
    TakeProfit: 77.77.
    StopLoss: according to the pattern rules.

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