Oil price forecast for today: USCrude analysis 27.01.2023

The oil short-term uptrend continues. This week, the oil price tested support (A) 79.17 – 78.82. After the support test, the buyers reacted, and a buy signal appeared. To enter a long trade, one should expect a false breakout of the low of January 25. The main upside target will be the high of January 23. 

The trend border is now in the zone of 77.42 – 76.89. As long as the price is trading above the zone, it is relevant to buy.

USCrude trading ideas for today:

  1. Buy according to the pattern at support (А) 79.17 – 78.82.
    TakeProfit: 82.63.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 77.42 – 76.89.
    TakeProfit: 82.63.
    StopLoss: according to the pattern rules.

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