Brent Oil Forecast: Potential Price Rise Ahead!

The price of Brent oil broke the resistance level of 84.00 and rebounded to the broken level. The asset’s price also broke the 50% Fibonacci retracement level, which acts as the middle point of the latest descending move. So, the asset is likely to rebound from the broken level, rise, and target the level of 95.00 soon. Let’s wait and see when it is going to happen next.

Now, the price of Bitcoin is consolidating below the level of 68998. It might potentially undergo a short-term correction and gain the required support at levels 49000 and 40000. It is noteworthy that the price of this asset might retest the level of 68998, complete the formation of the bullish trap, and drop.

The price of gold keeps hitting the historical maximum points and rebounding to the broken level of 2152. In this case, the situation might develop in two ways. First, the asset’s price might rebound, get back under the broken level, and form the bear ears with a double top and successful swing. On the other hand, it may rebound from the broken level and approach the broken uptrend, which could offer a strong resistance. Time will tell which scenario is going to work out.

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