Analysis for oil, gold, and EUR/USD for 30.07.2020

Oil price forecast for today: USCrude analysis

The middle-term trend on oil stays upward. Traders are trying to break through Target Zone 5 [41.67 – 40.92]. They are unable to do so yet. The development of correction to the area of the key support level, Target Zone [35.54 – 34.86], is possible. If it turns out so, look for longs according to the pattern from the support level with the target in the maximum of the month.

The local short-term trend is upward. At the moment, there is a correction and testing of a strong support level – Additional Zone [40.64 – 40.47]…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>