Analysis for oil, gold and, EUR/USD for 13.08.2020

Oil price forecast for today: USCrude analysis

The US session closed above Target Zone 5 [41.67 – 40.92]. We expect one closer above the zone and record the zone breakout. The next buy target will be Target Zone 6 [49.17 – 48.42].

The trend key support is in the zone of [37.23 — 36.61].

The short-term oil trend is up. However, buyers can’t yet break out the intraday resistance Additional Zone [42.70 – 42.55]. Therefore, we can expect a deep correction towards the trend key support [40.33 – 40.02]. After the test of the key support, we shall enter new purchases…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>