Oil price forecast for today: USCrude analysis 28.12.2022

The oil short-term uptrend continues. The price reached Target Zone 81.80 – 80.75 yesterday. The market is being corrected now. The correction target is likely to be the test of support (A) 77.67 – 77.32.

After support (A) is tested, I suggest entering new purchases according to the pattern with a target at yesterday’s high.

If support (A) is broken out downside, the correction will continue with a target at the trend border 75.92 – 75.40. After the trend border is tested, I recommend entering buy trades with a target at the high of December 27.

USCrude trading ideas for today:

  1. Buy according to the pattern at support (А) 77.67 – 77.32.
    TakeProfit: 81.10.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 75.92 – 75.40.
    TakeProfit: 81.10.
    StopLoss: according to the pattern rules.

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