Analysis for oil, gold, and EUR/USD for 26.05.2020

USCrude – oil

Oil price is getting close to the major target in the middle-term uptrend, Target Zone 4 [34.17 – 33.42]. If it is broken out, the next target will be Target Zone 5 [41.67 — 40.92].

The short-term trend is up. Today, the price has broken through the local high. The price is now getting close to the next buy target, Target Zone 4 [34.17 – 33.42]. 

Sooner or later, there should start a deep correction towards the trend key support that is now in the zone of [28.60 – 28.15]. When it happens, we shall enter oil…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>