Analysis for oil, gold, and EUR/USD for 28.04.2020

USCrude – oil 

Oil medium-term downtrend continues, the key resistance hasn’t yet been broken out. The key resistance is in the zone of [11.67 – 10.92]. I don’t recommend selling oil, although the trend is down. I believe the instrument is strongly oversold.

I suggests expecting the trend reversal up and buy the instrument then. The trend will turn up when buyers break level 11.67 out and consolidate the price above.

Oil short-term trend is still up. The price reached the trend key support [8.49 – 8.07] yesterday. The price tested the support and was closed within the zone. The…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>