Analysis for oil, gold, and EUR/USD for 04.05.2020

USCrude – oil 

Oil traders turned the middle-term trend up. The upside target is now at Target Zone 2 [19.17 – 18.42]. The trend key support moves to the zone of [6.77 – 5.77]. 

I recommend entering purchases on the correction into the broken-out Target Zone [11.67 – 10.92].

The local oil short-term trend is up. Last week, the price broke out the resistance Gold Zone [15.04 – 14.67]. There has also worked out the main scenario to buy according to the pattern in Intermediary Zone [8.49 – 8.07].

Now, the new target for long trades is Target Zone 2 [19.17…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>