– Brent crude oil reversed from long-term support level 70.00
– Likely to rise to resistance level 75.00
Brent crude oil recently reversed up from the major long-term support level 70.00 (which has been reversing the price from the end of 2021).
The support zone near the support level 70.00 was strengthened by the lower daily and the weekly Bollinger Bands.
Given the strength of the support level 70.00 and the bullish divergence on the weekly Stochastic indicator, Brent crude oil can be expected to rise to the next resistance level 75.00.
- USDCAD reversed from strong resistance level 1.3940 - Likely to fall to support level…
Market picture Polls and forecasts have yet to produce a clear frontrunner in the US…
Market Picture Bitcoin came within a hair's breadth of an all-time high on Tuesday night,…
- Gold broke resistance level 2750.00 - Likely to rise to resistance level 2800.00 Gold…
- GBPAUD broke resistance zone - Likely to rise to resistance level 2.0000 GBPAUD currency…
The Dollar Index stabilised in the 0.5% range for the fifth session, quietly finding its…
This website uses cookies