Analysis for oil, gold, and EUR/USD for 13.07.2020

Oil price forecast for today: USCrude analysis

Oil is trading in the medium-term uptrend. The price is now under the strong resistance Target Zone 5 [41.67 – 40.92]. If the price breaks out the resistance, the next upside target will be Target Zone 6 [49.17 – 48.42].

Otherwise, the price will be corrected down to the trend key support [33.64 — 32.86].

Last week, oil traders tested the resistance Target Zone 5 [41.67 – 40.92]. After the price had tested this zone, it was corrected down to Additional Zone [39.32 – 39.15]. I wrote “Buy according to the pattern in Additional…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>