Analysis for oil, gold, and EUR/USD for 04.06.2020

USCrude –oil 

Oil price has consolidated above Target Zone 4 [34.17 – 33.42]. The next upside target for the next week or two is Target Zone 5 [41.67 – 40.92].

The key support of the medium-term uptrend is now in the zone of [28.38 – 27.48]. To enter new purchases, I recommend expecting the price correction down to the support zone and looking for a buy pattern.

It is clear from the oil H1 chart that the price reached Gold Zone 4 [37.54 – 37.17] in the short-term uptrend. After that, the price was corrected down and tested Additional Zone…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>