Analysis for oil, gold, and EUR/USD for 01.06.2020

USCrude – oil  

Oil traders are trying to break out the strong resistance Target Zone 4 [34.17 – 33.42] in the middle-term uptrend. If buyers succeed, the next upside target will be Target Zone 5 [41.67 — 40.92].

The short-term trend is up. It is clear from the shorter timeframe that bulls are testing Target Zone 4 [34.17 – 33.42]. If the US session closes the price above the resistance, the next target in the uptrend will be Gold Zone 4 [37.55 – 37.17].

If the price is corrected down, we shall consider the strong supports, Additional Zone [32.73…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>