Medium-term forecast for oil, gold and EUR/USD


SUBMITTED BY: jaichandtanishq

DATE: April 28, 2019, 8:26 a.m.

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  1. Medium-term forecast for oil, gold and EUR/USD
  2. USCrude – oil
  3. Let’s recall the analytics from the last week:
  4. Oil went after the priority scenario and reached Target Zone 6 [65.43 - 65.09] this week, and even tried to break through it. It failed, though.
  5. Today, the instrument went to the medium-term correction and returned below the resistance level [65.43 - 65.09]. Strong support levels in the way of correction will be: 64.49 level and Target Zone [63.10 - 62.76]. TZ acts as a key support level for the uptrend, therefore, I recommend looking for new purchases according to the pattern in case of its achievement.

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