Brent crude oil continues to rise inside the medium-term impulse wave (C) which recently broke the resistance area lying at the intersection of the round resistance level 70.00 (former support from 2018) and the 50% Fibonacci correction of the weekly downward impulse from last September.
The breakout of this resistance area strengthened the bullish pressure on this instrument.
Brent crude oil is expected to rise further and re-test the next resistance level 80.00 (target price for the completion of the active impulse wave (C)).
- S&P 500 reversed from support level 5000.00 - Likely to rise to resistance level…
- USDCHF reversed from support zone - Likely to rise to resistance level 0.9200 USDCHF…
The single currency is trading near $1.076, waiting for further cues and facing serious resistance…
Market picture The crypto market capitalisation fell by 1.7% in 24 hours to $2.29 trillion,…
- USDJPY reversed from support zone - Likely to rise to resistance level 155.65 USDJPY…
- Gold reversed from support zone - Likely to rise to resistance level 2400.00 Gold…
This website uses cookies
