162
Oil is currently in a buying zone, but we do not yet see a confirmation candle for an upward move; we must wait for that confirmation. If the price does not rise from the current level, we should wait for the next buying zone—specifically between 88.260 and 87.793—though a confirmation candle is still required there. If the levels at 91.745 and 92.142 are broken, the price is likely to rise to the 94.255–94.763 range.
Note
This is merely an analysis; the landscape could shift with a single tweet from Trump—or any other piece of news—so bear in mind that this field entails risks, and you should make your decisions carefully.

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