FX.co ★ Crude Oil to test $34.27: Analysis For June 04, 2020.

If we look at the 4-hour chart, crude oil has touched the Weekly SIVI (Sell side Imballance Volume Imbalance) area (Magenta Rectangle). Th price wants to go back to the downside. The level of special interest is $34.27 which is expected to be tested as the nearest Liquidity Pool as long as the price does not go up and breaks out and closes above the 38.17 level.

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