Analysis for oil, gold, and EUR/USD for 25.06.2020

USCrude – oil 

Oil price is being corrected down in the middle-term uptrend. The correction target could be at the trend key support [33.64 – 32.86]. When the support is tested, I recommend entering new buy trades according to the pattern.

It is clear form the short-term chart that bears broke Additional Zone [39.49 – 39.30] drew the price down to Intermediary Zone [37.54 – 37.15] yesterday. IZ is the key support of the short-term uptrend, so it is relevant to enter oil purchases today with the target at the high of June 23.

If IZ is broken out downside,…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>