Analysis for oil, gold, and EUR/USD for 16.06.2020

USCrude – oil

Oil price is being corrected down in the middle-term uptrend. The correction target is likely to be the test of the trend key support [31.01 – 30.11]. Once the zone is tested, I recommend entering buy trades according to the pattern with the target at the high of last week + Target Zone 5 [41.67 — 40.92].

The short-term chart displays a contradiction between the short-term and the medium-term trends. The local trend is up. The key support 35.51 – 35.06] was tested last Friday and yesterday, but it was held up by buyers.

Now, buyers are…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>