Analysis for oil, gold, and EUR/USD for 10.06.2020

USCrude – oil

Oil price is being corrected down in the middle-term uptrend. The correction target is Target Zone [31.01 – 30.11], it is the key support. After the zone is tested, it will be relevant to enter new purchases with a target in Target Zone 5 [41.67 — 40.92].

Let us look at the shorter timeframe. The local trend is up.

The oil price is being corrected and testing the strong support Additional Zone [37.76 – 37.54]. The zone is held up by buyers, so, first, expect a buy pattern.

If there is a buy pattern, we shall buy…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>