Analysis for oil, gold, and EUR/USD for 16.04.2020

USCrude – oil 

Oil is trading in the middle-term downtrend with a target in Target Zone 2 [17.69 – 17.13]. the key resistance of the trend is at [26.46 – 25.79]. I recommend selling oil only in the strong resistance zones, provided that there is a pattern.

Oil short-term trend is also down. Traders are now trying to break out Gold Zone [20.49 – 20.21]. If they succeed, the next downside target will be Target Zone 2 [17.69 – 17.13].

Today, I suggest looking for sell entries in the strong resistance zones, Additional Zone [20.93 – 20.76] and Intermediary Zone…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>