Analysis for oil, gold, and EUR/USD for 20.05.2020

Oil price growth stopped in the resistance zone [30.04 – 29.67]. A down correction may start

USCrude – oil 

The oil price has consolidated above Target Zone 3 [26.67 – 25.92]. It means that the next target for middle-term buy trades is Target Zone 4 [34.17 – 33.42].

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

The local trend is up. Traders were trying to break out Gold Zone [30.04 – 29.67] yesterday, but they failed, the zone was held.

There could start a correction down now and the price could test the strong supports….<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>