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Short-term analysis for oil, gold, and EURUSD for 01.06.2023

From litefinance.org

Oil is trading in the short-term downtrend. The sell target is the lower Target Zone 65.99 - 65.12. The price is being corrected up. Following the correction, the price could test resistance (А) 70.29 - 70.00. Once this zone is tested, I suggest entering short tardes with a target at the low of May 31. If resistance (A) is broken out, the price will reach resistance (В) 71.88 - 71.45. One could also enter sell tardes in the zone. USCrude trading ideas for today: 1. Sell according to the pattern at resistance (А) 70.29 - 70.00. TakeProfit: 67.18. StopLoss: according to the pattern rules. 2. Sell according to the ... (full story)

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  • Category: Technical Analysis