Analysis for oil, gold, and EUR/USD for 10.08.2020

Oil price forecast for today: USCrude analysis

Big traders are trying to break out the strong resistance at Target Zone 5 [41.67 – 40.92]. They have not yet broken out the zone, so we can sell oil in the correction.

The middle-term oil trend is still up. It will be more relevant to buy at good prices than to sell. Good buy prices are in the trend key support zone [37.23 — 36.61].

The short-term oil trend is up. Traders are trying to break out Target Zone 5 [41.67 – 40.92]. The trend key support is in the zone of [40.33…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>