Analysis for oil, gold, and EUR/USD for 27.07.2020

Oil price forecast for today: USCrude analysis

Middle-term oil trend stays upward. The last week was trading below the resistance Target Zone 5 [41.67 – 40.92]. Today the market opened in the resistance.

If the zone is broken out, then the new growth target will be Target Zone 6 [49.17 – 48.42]. If you see a trend reversal pattern, then sell oil in correction up to the key support level [35.54 – 34.86].

The short-term trend is upward. At the time, the price is testing a strong support zone – Additional Zone [40.64 – 40.47]. I recommend looking for longs from this zone according to…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>