Analysis for oil, gold, and EUR/USD for 07.04.2020

USCrude – oil

The target for oil purchases in the middle-term uptrend is at Target Zone 2 [30.75 – 30.19]. The trend key support is now in the range of [23.29 – 22.73]. Expect the price correction sown to this zone and look for a pattern to enter buy trades.

The short-term oil trend is up. The trade session opened with a gap, in Intermediary Zone [26.09 – 25.81], yesterday. The buyers reacted immediately, but the price was back to the key support at the US session.

The price is now trading a little higher than the support. The uptrend…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>