Oil Price Forecast for Today: USCrude Analysis 18.11.2024

Oil has reached all bearish targets within the short-term downtrend today. The price has dropped below the October 29 low. The next target can be the Gold Zone 65.93 – 65.63.

Consider short trades on a correction at the strong resistances. The resistance (A) 69.84 – 69.54 is the nearest. Once the price hits this zone, consider short trades with the first target of 68.18 and the second one near today’s low of 66.51.

USCrude Trading Ideas for Today:

Sell at resistance (A) 69.84 – 69.54.
TakeProfit: 68.18, 66.51.
StopLoss: 70.44.

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