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Short-term analysis for oil, gold, and EURUSD for 07.06.2023

From litefinance.org

The oil short-term trend remains up. The oil traders were testing support (A) 71.41 – 71.12 yesterday. The price broke out support (A) and is now heading for support (B) 69.96 - 69.53. When the second support zone is reached, one could enter new purchases with a target at the high of June 5. If this high is broken through, the next upside target will be the upper Target Zone 76.67 – 75.80. It will be relevant to sell when the price breaks out level 69.53 and consolidates below. 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)

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  • Category: Technical Analysis