Analysis for oil, gold, and EUR/USD for 23.07.2020

Oil price forecast for today: USCrude analysis

Oil price is trading under the resistance Target Zone 5 [41.67 – 40.92]. Buyers have not yet broken this zone out. However, the oil middle-term trend is up.

The further trend will depend on whether buyers consolidate the price above TZ 5. If they do, the next upside target will be Target Zone 6 [49.17 – 48.42], and we shall enter new purchases on the correction. Otherwise, the price will be corrected down to the trend key support [35.54 — 34.86].

The short-term uptrend continues. Traders try to consolidate the price above TZ5. The…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>