Analysis for oil, gold, and EUR/USD for 29.06.2020

USCrude – oil

Last week, oil buyers were testing the resistance at Target Zone 5 [41.67 – 40.92]. They haven’t broken the zone out and consolidate the price above. As a result, the price is now being corrected. The correction target is likely to be the trend key support [33.64 — 32.86].

The hourly timeframe shows that the short-term uptrend continues on Monday morning. Intermediary Zone [37.54 – 37.15] is being held by buyers, so, look for a buy pattern. The buy target will be the high of last week.

There is also an alternative scenario. In this case, the…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>