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Copper price remains affected by the contradiction of the main indicators, which forces it to provide slow negative trading, to fluctuate near $5.7200, where gathering negative momentum makes us expect forming bearish waves, to attempt to reach the corrective stations at $5.6200, to press on the extra support near $5.5100, forming a key to detect the main trend in the upcoming trading.
While regaining the bullish trend requires forming strong bullish rally to settle above $5.9700 level, to begin targeting new positive stations by its rally towards $6.1200.
The expected trading range for today is between $5.6200 and $5.8200
Trend forecast: Bearish
Copper price repeatedly provided negative closes below $5.9700 barrier, confirming the continuation of the suggested bearish correction, to fluctuate near $5.7600.
Gathering negative momentum is important to motivate forming new bearish waves, to ease the mission of reaching towards the initial stations that are located near $5.6200 and $5.5100.
The expected trading range for today is between $5.6200 and $5.8200
Trend forecast: Bearish
The market appears to be moving lockstep with crude oil prices. Early in the session on Wednesday, the IEA announced a record oil reserve release that failed to put expected pressure on oil and prices firmed. Natural gas followed a similar pattern before reversing to the upside.
Late Wednesday, the U.S. announced it would release oil from its own Strategic Petroleum Reserve (SPR), yet crude oil rallied even higher after the news. The U.S. release is expected to take 120 days, which is too long for crude oil traders apparently. Natural gas edged higher on the move.
Analysts at NatGasWeather are focusing on the 15-day weather forecast which says we could see a jump in national demand over the next six days, then strong days 7-9. However, warm temperatures are expected to return March 20-24.
Nonetheless, weather and production are not the catalysts underpinning the market. These traditional fundamentals are battling an escalation in European prices and new Middle East attacks from Iran on vessels in the Strait of Hormuz, the Persian Gulf, and Israel.
Conditions could continue to get complicated in the Middle East. It looks as if they are escalating even though President Trump suggested on Monday that the end of the war is near. Furthermore, we’ve seen little progress in the attempts to open the Strait of Hormuz by the U.S. Navy. That promise was made late last week, but it looks like it can’t be delivered if Iran has laid mines in the water.
Looking ahead to Thursday’s U.S. Energy Information Administration’s (EIA) weekly storage report, traders are pricing in a decline of about 41 Bcf. That will be smaller than the 5-year average of -64 Bcf.
Platinum price provided new negative close below the initial resistance at $2245.00, to activate with stochastic negativity by forming some bearish waves, approaching the initial target at $2125.
The fluctuation below the moving average 55 will increase the chances of resuming the bearish attack, to expect providing new bearish pressure on $2125.00 level, and breaking it might extend the trading towards $2080.00 and $2040.00.
The expected trading range for today is between $2080.00 and $2195.00
Trend forecast: Bearish
Despite the weakness of the EURJPY pair last trading, the continuation of providing bullish momentum by the main indicators assisted in reinforcing the chances of forming bullish waves, to target 183.60 level, then to settle below %50 correction level at 183.40.
We recommend waiting for providing a new positive close above 183.40 level, to confirm its readiness to record some gains by its rally towards 184.00 and 184.25, while the failure to breach it might force the price to form new bearish waves, attempting to reach towards 182.60 then press on the extra support at 182.00.
The expected trading range for today is between 182.70 and 184.00
Trend forecast: Bullish
Forecasting the USCrude price requires taking into account fundamental, geopolitical, and technical factors. The dynamics of crude oil not only shape the global economic environment but also depend heavily on exporting countries’ decisions, macroeconomic indicators, and unexpected events.
In this review, we will examine the outlook for oil prices over the upcoming trading sessions, assess prospects for the week ahead, and outline key benchmarks for the coming month. The forecast takes into account the current supply-demand balance, speculative positioning, and the latest geopolitical developments.
The article covers the following subjects:
The 4-hour chart shows the following signals:
A Falling Three Methods pattern (1) has formed within the $87.30–$82.67 range, indicating a decline in oil prices. Next, the Dark Cloud Cover pattern (2) has appeared, confirming the decline.
MACD is moving sideways in negative territory, showing no clear momentum.
RSI is holding near 47 in neutral territory, suggesting the price may rise or fall.
MFI is signaling an outflow of liquidity from the asset.
VWAP and SMA20 are positioned above the market price, indicating bearish strength.
Oil forecast for today:
Key support levels: $80.53, $78.42, $76.02, $73.91, $71.84, $69.92, $67.93, $65.15, $63.30, $61.23.
Key resistance levels: $82.67, $85.09, $87.30, $89.72, $92.50, $94.99, $97.41, $99.69, $102.18.
Base scenario: Open short positions (1) below the $80.53 level, with price targets at $78.42, $76.02, $73.91, $71.84, $69.92, $67.93, $65.15, $63.30, and $61.23. Stop Loss (3): $81.59.
Alternative scenario: Open long positions (2) above $82.67. Targets: $85.09, $87.30, $89.72, $92.50, $94.99, $97.41, $99.69, $102.18. Stop Loss (3): $81.59.
The analysis is provided by Alan Tsagaraev.
Alan Tsagaraev is an independent trader and analyst specializing in stock, foreign exchange, and cryptocurrency markets. He holds a degree in Economics and has been a professional investor and financial market trader since 2019. Over the course of his career, he has increased his capital more than tenfold.
USCrude is trading at $88.478 as of 12.03.2026.
On March 12, 2026, the price of USCRUDE may decline.
USCrude price prediction tomorrow:
|
Date |
Daily Low, $ |
Daily High, $ |
Average Price, $ |
|
12.03.2026 |
76.02 |
87.30 |
81.66 |
High volatility is expected in USCrude this week. The escalation of the armed conflict in the Middle East, the closure of the Strait of Hormuz, production cuts by several oil-producing countries, as well as US inflation data and other macroeconomic indicators, may affect crude oil prices.
USCRUDE price prediction this week:
|
Date |
Weekly Low, $ |
Weekly High, $ |
Average Price, $ |
|
09.03.2026– 15.03.2026 |
71.84 |
89.72 |
80.78 |
USCrude is expected to rise over the next month due to seasonal demand growth and continued OPEC+ production constraints. The target range is $99.43–$102.20. Volatility is likely to remain elevated amid geopolitical tensions and mixed US macroeconomic data.
USCRUDE price prediction 30 days:
|
Month |
Monthly Low, $ |
Monthly High, $ |
Average Price, $ |
|
March |
67.29 |
119.48 |
93.38 |
The following factors may affect the price of USCrude:
Many global leaders have stated their readiness to intervene in the Middle East conflict in order to limit the impact of the war in Iran on global energy markets.
G7 countries have instructed the International Energy Agency (IEA) to urgently develop plans to release strategic oil reserves onto the market.
US President Donald Trump announced a temporary suspension of several sanctions restricting oil trade, which is expected to increase supply. In early March, the US Treasury announced a 30-day lifting of the ban on Indian refineries purchasing Russian oil. This measure should ensure a steady flow of oil to the global market.
At the same time, Trump ordered the US Navy to provide military escorts for commercial tankers passing through the strategically important Strait of Hormuz to secure oil transportation routes. He also noted that the administration remains open to dialogue with Tehran.
Despite a sharp correction following the initial surge, oil prices remain elevated. These prices reflect market concerns that the conflict could disrupt oil supplies from the Middle East for an extended period, as the region remains the world’s main oil producer.
Kuwait, Saudi Arabia, Iraq, and the UAE were forced to cut oil production by a combined 6.7 million barrels per day as a precautionary measure. The reasons include both direct threats to infrastructure and disruptions in logistics chains.
Mar. 11 — OPEC monthly report, US February Consumer Price Index (CPI), and US crude oil inventory data.
Mar. 13 — US Q3 2025 GDP data, University of Michigan 5-year consumer inflation expectations index, and total Baker Hughes US rig count.
Mar. 15 — US February industrial production data.
Mar. 18 — February Producer Price Index (PPI) data and the Federal Reserve’s interest rate decision.
Mar. 19 — Philadelphia Fed Manufacturing Index for March.
Mar. 20 — Total Baker Hughes US rig count data.
Mar. 24 — March PMI data for the manufacturing and services sectors.
Our daily Oil price analysis and forecasting methodology includes:
Analysis of fundamental factors and expert opinions influencing USCrude short-term price movements.
Technical analysis of the asset’s charts from H1 to H4 time frames, including identification of key support and resistance levels, examination of technical indicators, and study of candlestick and chart patterns.
Assessment of market sentiment through the analysis of posts and comments on social media, offering insights into the oil price’s next move.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2014/65/EU.
According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.
Natural gas prices ended the last bullish attempts by testing $3.450 barrier, to activate with the moving average 55 negativity, by its decline towards $3.050, to confirm the negative scenario until this moment.
The continuation of facing negative pressures will increase the chances of attacking $2.850 level, and surpassing it will confirm its readiness to resume the negative attempts, t reach the next support at $2.630.
The expected trading range for today is between $2.850 and $3.250
Trend forecast: Bearish