Analysis for oil, gold, and EUR/USD for 08.07.2020

Oil price forecast for today: USCrude analysis

New margin requirements for the US Crude Oil futures operate starting from today. The new crude oil margin has been down by $1000 and is now $6800 per contract.

We will use margin zones drawn according to new margin requirements only when a new local high is hit; now, we are working with the former values.

The oil medium-term trend is up. Nothing has changed since the previous oil price analysis. The resistance hasn’t been broken out, but the price has come very close to it.

The oil short-term trend is also up. The…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>