• Brent reversed from key support level 111.80
• Likely to rise to resistance level 115.00
Brent crude oil earlier reversed up from the key support level 111.80 (former strong resistance from April and May) – which completed the earlier correction 2.
The support level 111.80 was further strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction of the upward impulse from April.
Given the predominant daily uptrend, Brent crude oil can be expected to rise further toward the next resistance level 115.00.
Trump pushes for more Fed rate cuts, while no changes are expected from the ECB…
Crypto market stays near $3T amid correction, ETF inflows rise, sentiment weakens, and volatility expected…
Gold: ⬇️ Sell - Gold reversed from strong resistance level 4350.00 - Likely to fall to…
EURGBP: ⬆️ Buy - EURGBP reversed from support zone - Likely to rise to resistance level…
Filecoin: ⬇️ Sell - Filecoin broke key support level 1.435 - Likely to fall to support…
Ethereum: ⬇️ Sell - Ethereum reversed from resistance level 3400.00 - Likely to fall to support…
This website uses cookies