Oil price forecast for today: USCrude analysis 24.11.2021

The short-term oil trend reversed up. Yesterday, the Intermediary Zone 77.42 – 77.17 was broken out. The target for today is the upper Target Zone 80.23 – 79.72. Look for new purchases on correction at strong support levels.

The Additional Zone 77.51 – 77.38 and the Intermediary Zone 76.23 – 75.98 serve as strong supports. A pattern is required to open a position. Consider today’s high of the day as the first target.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 77.51 – 77.38.
  2. TakeProfit: 78.73.
  3. StopLoss: according to the pattern rules.
  4. Buy according to the pattern in Intermediary Zone 76.23 – 75.98.
  5. TakeProfit: 78.73.
  6. StopLoss: according to the pattern rules.

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