Brent Oil Forecast: Potential Rise Ahead
Brent oil has jumped and formed a bullish engulfing at the end of the trading week. The price of oil has also pulled from the new uptrend. This means that oil is likely to rise again soon. So, it would be interesting to observe how far oil might go.
Bitcoin broke the supporting level of 21500 and dropped to the psychological level of 20000. Currently, the asset’s price is undergoing correction towards the broken level of 21500. Hence, Bitcoin is unlikely to jump above this level. At this point, it would be good to follow the price movements next to this level.
The price of the Euro is unlikely to break the very strong resistance at the level of 1.1000 right away. The currency pair EUR/USD might potentially pull from the level of 1.1000 and jump. Time will tell when it’s likely to happen.
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