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Oil price forecast for today: USCrude analysis 25.05.2023

Oil is trading up as of Thursday morning. The price broke out Target Zone 73.53 – 72.66 yesterday. The next upside target is the Gold Zone 75.85 – 75.56.

It is relevant to enter new purchases at support (А) 71.79 – 71.50 or support (В) 70.34 – 69.90. The first upside target is yesterday’s high.

USCrude trading ideas for today:

  1. Buy according to the pattern at support (А) 71.79 – 71.50.
    TakeProfit: 74.62.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 70.34 – 69.90.
    TakeProfit: 74.62.
    StopLoss: according to the pattern rules.






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