Oil price forecast for today: USCrude analysis 24.12.2021

Oil broke out the Target Zone 72.58 – 71.94. The next target of the short-term uptrend is the Gold Zone 75.16 – 74.86. It is reasonable to consider new oil purchases on correction.

The strong support levels are Additional Zone 72.37 – 72.23 and Intermediary Zone 70.91 – 70.62. The latter serves as a trend border.

Do not consider oil sales at the moment.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 72.37 – 72.23.
  2. TakeProfit: 73.60.
  3. StopLoss: according to the pattern rules.

  1. Buy according to the pattern in Intermediary Zone 70.91 – 70.62.
  2. TakeProfit: 73.60.
  3. StopLoss: according to the pattern rules.


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