Analysis for oil, gold, and EUR/USD for 31.03.2020

USCrude – oil

In the medium-term oil price chart, the lows of March 23 and 18 have been broken through. The price hasn’t been consolidated below the low of March 18. The price has also shortly failed to reach Target Zone 2 [18.76 – 18.30].

The current market situation looks like a false breakout of the low of March 18, as the price has been back to the support zone. If it is so, the price could be corrected up into Target Zone [25.15 – 24.59], where the further trend will be determined.

The short-term trend is yet down. After…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>