Oil price forecast for today: USCrude analysis 25.07.2022

The oil short-term trend turned down on Friday. The price broke out the Intermediary Zone 96.37 – 95.94. Now, the downside target is the Target Zone 92.07 – 91.21. I recommend entering new oil sell trades on the correction to the strong resistance levels. The strong resistances are the Additional zone 94.97 – 94.75 and the Intermediary Zone 97.33 – 96.90. The latter one is the trend border.

If the Target Zone is broken out downside and the price closed below it at the American session, the next downside target will be the Gold Zone 87.77 — 87.34.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 94.97 – 94.75.
    TakeProfit: 92.68.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in 97.33 – 96.90.
    TakeProfit: 92.68.
    StopLoss: according to the pattern rules.






Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission
.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.