Analysis for oil, gold, and EUR/USD for 11.06.2020

USCrude – oil

Oil middle-term uptrend is slowing down. The price is now trading under the resistance Target Zone 5 [41.67 – 40.92]. The trend key support is in the zone of [31.01 – 30.11].

To sell oil in the correction, we need a corresponding pattern, which hasn’t yet formed. To enter buy trades, we need a test of the trend key support.

The short-term trend is up. Sellers are trying to break out Additional Zone [37.76 – 37.54] this week.

The price is now trading between two zones, below is the support and above is the resistance [39.18 –…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>