Brent Oil Forecast: Potential Price Drop Ahead!
The price of Brent oil broke the lower boundary of the rectangle and rebounded to the broken side, which is located next to the downtrend. The asset’s price might potentially rebound from the crossing point of these trendlines, that is, the level of 81.00, and drop to the level of 72. So, let’s wait and see what is going to be the next price movement of this asset.
The price of the currency pair EUR/USD has formed a falling candle with a long body and tested the level of 1.0800 at the end of the trading week. Should the price of this asset break this level, it might target the level of 1.0600 next. However, it might also test the broken level and form the local double top. Time will tell whether this scenario is going to work out.
The price of platinum has formed a bullish trap and dived under the resistance area formed between levels 1.020 and 1.031. If the price of this asset rebounds to the broken resistance area, it might pull back again.
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