Analysis for oil, gold, and EUR/USD for 06.07.2020

Oil price forecast for today: USCrude analysis

Oil middle-term uptrend continues. The price is now approaching Target Zone 5 [41.67 – 40.92]. The price can well break through the local high.

After the high is broken through, we shall see if buyers will consolidate the price above the resistance. If they do, the next upside target will be Target Zone 6 [49.17 — 48.42].

Oil short-term trend is still up. Nothing has much changed in the shorter timeframe. The growth target is the high of June 23. Expect the price to reach the target and take the profit. The stop loss…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>