Analysis for oil, gold, and EUR/USD for 09.07.2020

Oil price forecast for today: USCrude analysis

Oil is trading in the middle-term uptrend. The price is now under the strong resistance Target Zone 5 [41.67 – 40.92]. It the resistance is broken out, the next upside target will be Target Zone 6 [49.17 — 48.42].

The oil short-term trend is up. The target is to break through the high of June 23. Hold the rest of the purchases entered in Additional Zone [39.06 – 38.87] at the breakeven.

We can draw a new intraday support down form today’s high. The support is now in the price zone of [39.32 -…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>