Analysis for oil, gold, and EUR/USD for 29.07.2020

Oil price forecast for today: USCrude analysis

The middle-term trend on oil stays upward. At the moment, the price is trading in the area of a resistance zone [41.67 – 40.92]. Bulls are unable to break through this level, hence the development of correction is possible. If you see a reversal pattern, sell oil in a correction down to the key support zone [35.54 – 34.86].

The short-term trend is upward. At the moment, the price is trading close to a strong resistance – Additional Zone [40.64 – 40.47]. There is no pattern for longs, continue to monitor the huge traders' moves. 

If Additional Zone is…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>