Oil price forecast for today: USCrude analysis 27.04.2022

The short-term oil trend reversed up. Yesterday, the Intermediary Zone 99.85 – 99.41 was broken out. Now the target for purchases is the upper Target Zone 104.66 – 103.79. It is profitable to look for purchases on correction at strong support levels, Additional Zone 100.27 – 100.05 and Intermediary Zone 98.08 – 97.65.

If, within the correction, the price decrease causes the AZ breakout, start oil sales with the target in the trend border of 97.65.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 100.27 – 100.05.
    TakeProfit: 102.35, Target Zone 104.66 – 103.79.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 98.08 – 97.65.
    TakeProfit: 102.35, Target Zone 104.66 – 103.79.
    StopLoss: according to the pattern rules.

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