Brent Crude Oil recently broke through the strong, multi-month resistance level 80.00 – which has been reversing the price from the middle of May (as can be seen below).
The breakout of this resistance level accelerated the active short-term impulse wave 3, which is a part to the medium-term impulse wave (3) from the start of September.
The price level 80.00 is acting as strong support after it was broken. Given the strength of the active daily uptrend, Brent Crude Oil is expected to rise further and retest the next resistance level 82.00.
Market Picture The crypto market set another trap for bulls yesterday afternoon, jumping to $3T…
JPMorgan Chase: ⬇️ Sell - JPMorgan Chase reversed from resistance area - Likely to fall…
EURUSD: ⬇️ Sell - EURUSD reversed from resistance area - Likely to fall to support level…
AUDJPY: ⬆️ Buy - AUDJPY reversed from support area - Likely to rise to resistance…
Palladium: ⬆️ Buy - Palladium broke multi-month resistance level 1600.00 - Likely to rise to resistance…
Today is Thursday, the 18th of December, and we'll be talking about the British pound…
This website uses cookies
