Oil price forecast for today: USCrude analysis  28.06.2022

Within a short-term uptrend, the oil has reached the upper Target Zone 110.30 – 109.47. If the TZ is broken out and the price consolidates higher, the next target for purchases will be the Gold Zone 114.06 – 113.64.

Consider new long trades on correction at strong support levels, Aditional Zone 108.16 – 107.95 and Intermediary Zone 106.07 – 105.65.

USCrude trading ideas for today:

  1. Buy according to the pattern in Aditional Zone 108.16 – 107.95.
    TakeProfit: 110.30.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern in Intermediary Zone 106.07 – 105.65.
    TakeProfit: 110.30.
    StopLoss: according to the pattern rules.

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