EnglishMyanmar (Burmese)

Oil price forecast for today: USCrude analysis31.03.2022

The short-term oil trend reversed up. Yesterday, the key resistance of 103.59 – 103.05 was broken out. Now the target for purchases is the upper Target Zone 109.50 – 108.43. At the moment, a correction is developing.

Today, traders are trying to break out the Intermediary Zone 102.31 – 101.77 and consolidate the price lower. If successful, the short-term trend will reverse down again, and the target for sales will be the lower Target Zone 96.93 – 95.86.

If the price returns to key support during today’s trading, then wait for the formation of a buy pattern. When a pattern is forming, open long trades with the target at yesterday’s high and in the upper Target Zone.

USCrude trading ideas for today:

Watch the market.



Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

Go to Register with LiteForex Platform

Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.

Want to Trade Online?

Easy Trading Platform

Copy Experienced Traders

Trade from Your Pocket

Trade with Liteforex

CFD Trading on financial markets carries risks. Before deciding to trade, you need to ensure that you understand the risks involved.