Analysis for oil, gold and, EUR/USD for 12.08.2020

BY admin admin

Oil price forecast for today: USCrude analysis

Oil is trading in the medium-term uptrend. Traders are trying to break out the strong resistance at Target Zone 5 [41.67 – 40.92]. The price hasn’t yet consolidated above.

Expect a correction to buy oil at good prices.

The oil short-term trend is up. Oil is trading in the correction in the short-term timeframe. Yesterday, traders were testing the strong resistance Additional Zone [42.70 – 42.55]. The resistance test resulted in a small wave of sell-offs. For today, I suggest entering sell trades with the target at the trend key support Intermediary Zone [40.33…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

Pound To Euro Outlook: GBP Surges Back To €1.17 As Higher Yields Lift Sterling

<p>As a reference, tthe current Pound to Euro exchange rate (GBPEUR) is seen trading at 1.17136, a 0.68 percent gain today. According analysts at Credit Agricole; “We believe that this reflected

Forex

Brent oil. Citi says OPEC may need to to cut again, “fragile five&quot; now adding to output

<p>Citi commodity analysts say OPEC may need to think about further cuts to oil output.</p><p>Info comes via a Bloomberg report (gated), main points:</p><ul><li>the

Forex

ECB's Schnabel: Lowering interest rates remains an option for the future

"Lowering interest rates remains an option for the futures," Isabel Schnabel, member of the Executive Board of the European Central Bank (ECB), said o

Copyright © 2024 | WordPress Theme: Xews Lite