Oil price forecast for today: USCrude analysis 29.05.2023

The oil short-term uptrend continues; the upside target is the Gold Zone 75.85 – 75.56. The price is rising from support (А) 71.79 – 71.50. Today, it is relevant to hold up the purchases entered at the above-mentioned support zone with the first target at last week’s high.

If the price doesn’t exceed the high of last week, it will go down to a low of May 25. When the low of May 25 is broken through, the price should test the trend key support 70.34 — 69.90.

USCrude trading ideas for today:

Hold up purchases entered at support (А) 71.79 – 71.50. TakeProfit: 74.62. StopLoss: at breakeven.

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