Analysis for oil, gold, and EUR/USD for 08.04.2020

USCrude – oil 

Oil middle-term uptrend continues. Buy target in the trend is Target Zone 2 [30.75 – 30.19]. The trend key support is now at [23.29 – 22.73]. Expect the price to enter the zone of good buy prices and look for a pattern to open long position.

The short-term chart indicates that the oil local trend has reversed down, as Intermediary Zone [26.09 – 25.81] was broken out downside yesterday. The price has almost reached Target Zone [23.29 – 22.73], and it is now being corrected up.

There are strong resistances to the correction:

Additional Zone [25.11 -…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>