Oil price forecast for today: USCrude analysis 31.01.2022

The short-term oil uptrend continues with a target at the last week’s high. Now the price is rising in the Additional Zone 86.66 – 85.61. The traders’ task is to hold long trades with the target indicated above. If the upper Target Zone 88.69 – 88.10 is broken out, the next target will be the Gold Zone 91.32 – 91.03.

It is necessary to break out the Additional Zone and update Friday’s low to enter oil sales. In this case, the price will go into a deep correction with the target in the Intermediary Zone 85.12 – 84.82.

USCrude trading ideas for today:

Enter purchases/hold purchases in Additional Zone 86.66 – 85.61.

TakeProfit: 88.10.

StopLoss: 85.79.

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