Brent Crude Oil recently broke through the support area lying between the support levels 60.00 and 57.00, 61.8% Fibonacci correction of the previous weekly upward impulse from the middle of 2017 and the weekly support trendline from the start of 2016.
The breakout of this support area accelerated the active downward impulse wave ③ which belongs to the sharp downward impulse sequence III from September.
Brent Crude Oil is expected to fall further and re-test the next support levels 55.00 and 50.00.
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
This website uses cookies