Analysis for oil, gold, and EUR/USD for 01.04.2020

USCrude – oil

Oil traders are testing a strong support level at 20.00. I recommend entering buy trades in this zone, as there is a false breakout pattern in the chart. The buy target will be Target Zone [25.15 — 24.59].

In the shorter timeframe, there is a short-term downtrend. So, it is not relevant to buy, but there aren’t also any sell signals now as well.

To sell the instrument at good prices, the price should test Intermediary Zone [22.07 – 21.79] and form a pattern. It will be relevant to buy if the short-term trend reverses up after…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>