Analysis for oil, gold, and EUR/USD for 30.04.2020

Oil buyers are trying the break out the resistance [11.67 – 10.92] and turn the medium-term trend up

USCrude – oil 

Yesterday, oil price was again trying to break through Target Zone [11.67 – 10.92], the border of the medium-term downtrend. Today, buyers are trying to consolidate the price above the zone. There forming a 1-2-3 pattern to buy.

I still recommend entering buy trades on oil. The target is now in Target Zone 2 [19.17 — 18.42].

The oil short-term trend is up. Yesterday, there was a strong buy momentum, and the price reached the first buy target for…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>