Oil price forecast for today: USCrude analysis04.04.2022

On Friday last week, the Target Zone 96.93 – 95.86 was reached. After reaching the TZ, traders exited large sales, and the price corrected in the Additional Zone 99.84 – 99.57. The AZ was held. Today, this resistance level is being retested. Therefore, as long as sellers hold resistance, look for sales with the target at April 1 low.

If the Additional Zone is broken out upside during the trading session, then the correction will continue with the target in the trend border of 102.80 – 102.26.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 99.84 – 99.57.
    TakeProfit: 96.93.
    StopLoss: according to the pattern rules.
  2. Sell according to the pattern in Intermediary Zone 102.80 – 102.26.
    TakeProfit: 96.93.
    StopLoss: according to the pattern rules.

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