Oil price forecast for today: USCrude analysis 22.06.2022

The short-term oil trend’s key resistance 110.76 – 110.35 was held. After that, the downtrend continued, and the price dropped to the Target Zone 2 104.62 – 103.79.

Now the price is correcting. A possible correction target will be level 106.83. After its test, consider new sales to update today’s low.

If the Additional Zone is broken out upside, the correction will continue with the target in the Intermediary Zone 109.14 – 108.72.

USCrude trading ideas for today:

  1. Sell according to the pattern in the level of 106.83.
    TakeProfit: 104.62.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 109.14 – 108.72.
    TakeProfit: 104.62.
    StopLoss: according to the pattern rules.

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