Oil price forecast for today: USCrude analysis 27.10.2022

The short-term oil trend reversed up yesterday. The Intermediary Zone 85.38 – 85.01 was broken out. Now the target for purchases is the upper Target Zone 89.51 – 88.76.

The price is currently correcting with a possible target to test the Additional Zone 86.15 – 85.96. After the AZ test, consider new purchases according to the pattern with a target at today’s high.

The trend key support is located in the zone of 84.27 – 83.90. If the price corrects in this zone, also consider purchases.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 86.15 – 85.96.
    TakeProfit: 88.00.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 84.27 – 83.90.
    TakeProfit: 88.00.
    StopLoss: according to the pattern rules.

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