Analysis for oil, gold, and EUR/USD for 19.05.2020

USCrude – oil 

The oil price has consolidated above Target Zone 3 [26.67 – 25.92]. Therefore, the next upside target for middle-term purchases is Target Zone 4 [34.17 – 33.42].

The key support to the uptrend is in the zone of [19.19 — 18.00].

The oil short-term trend is still up. Buyers reached the resistance Gold Zone 3 [30.04 – 29.67] yesterday. The didn’t break the zone out immediately. They may do it today. If so, the next target will be in Target Zone 4 [34.20 – 33.40].

If the price is corrected down, we shall enter new buy trades…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>