Analysis for oil, gold, and EUR/USD for 21.07.2020

Oil price forecast for today: USCrude analysis

Oil is trading in the middle-term uptrend. The price is now under the under the strong resistance Target Zone 5 [41.67 – 40.92]. If it is broken out, the next growth 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].

The short-term timeframe indicates the short-term uptrend, whose target is to break through the June’s high. Last week, there emerged the 1-2-3 pattern to buy. It is now being traded.

For today, I recommend expecting the price to break…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>