Analysis for oil, gold, and EUR/USD for 06.04.2020

USCrude –oil

Last week, oil medium-term reversed up via the breakout of the key resistance [25.15 – 24.59] and the price consolidation above. The buy target is now at Target Zone 2 [30.75 – 30.19], and the former resistance is now a strong support.

The trend key support is at [23.29 — 22.73].

The short-term chart indicates the local uptrend. The buy target is the high of last week + Target Zone 2 [30.75 – 30.19].

It is clear from the chart that oil trade session opened with a gap today. The price has tested the trend key support [26.09…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>