Short-term analysis for oil, gold, and EURUSD for 05.06.2023

From litefinance.org

The oil market has opened with a gap today. The price has broken out the resistance of the short-term downtrend 71.88 - 71.45. The oil short-term trend is now up. The upside target is now the upper Target Zone 76.67 — 75.80. I suggest entering purchases on the correction to support (А) 71.41 – 71.12 or support (В) 69.96 – 69.53. The first upside target will be today’s high. It will be relevant to sell when the price breaks out level 69.53 and consolidates below. chart USCrude trading ideas for today: Buy according to the pattern at support (А) 71.41 - 71.12. TakeProfit: 74.23. StopLoss: according to the ... (full story)