Oil price forecast for today: USCrude analysis 23.02.2022

Yesterday, oil went into a correction. The Intermediary Zone 91.25 – 90.91 was reached as part of the correction. The price didn’t break out the zone. Therefore, today continue to search for oil purchases according to the pattern with the target at yesterday’s high. If yesterday’s high is updated and the price consolidates higher, the next buy target will be the Gold Zone 97.80 – 97.46.

Oil sales require the IZ breakout and price consolidation at the US session below. In this case, the short-term trend will reverse down, and the target for sales will be the lower Target Zone 87.85 – 87.17.

USCrude trading ideas for today:

Buy according to the pattern in Intermediary Zone  91.25 – 90.91.

TakeProfit: 94.63.

StopLoss: according to the pattern rules.

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