Analysis for oil, gold, and EUR/USD for 17.06.2020

USCrude – oil

The oil price started rising at the beginning of the week. The corrective movement stopped in the broken-out Target Zone 4 [34.17 – 33.42].

Remember, the upside target is Target Zone 5 [41.67 – 40.92]. The best buy prices are in the trend key support zone [31.01 — 30.11].

The oil short-term trend is up. Last week and on Monday, traders were testing the trend key support zone Intermediary Zone [35.51 – 35.06]. The zone hasn't been broken out, and there has formed a double bottom pattern to buy.

For today, I suggest expecting a buy entry…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>