Analysis for oil, gold, and EUR/USD for 27.04.2020

USCrude – oil 

Oil middle-term downtrend continues, as the key resistance hasn’t been broken out. The key resistance zone is [11.67 – 10.92]. I don’t recommend selling oil, although the trend is down. I think the instrument to be oversold.

It makes sense to expect until the middle-term trend turns up. It will occur after level 11.67 is broken out, and the price is consolidated above.

The short-term oil trend is up. The price is now trading in the range between the resistance level 12.70 and the lower Additional Zone [10.62 – 10.41]. I recommend looking for buy entries according…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>