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Oil continues to ram the local bottom?


Good afternoon!

Oil bounced off the support area formed between 82.50-83.70 levels several times, leaving long spikes behind. Now the quotes are approaching again at the indicated support, therefore, in the area of ​​the horizontal 82.50, there may be a potential upward rebound of quotes. The growth potential towards the “hundredth” horizontal remains in the focus of the market:

Silver continues its upward movement and the next support may be the support level at 22.30, where the ascending channel line also passes. We leave the basic scenario the same – the growth of the precious metal towards the level of 24.75:

Oil continues to ram the local bottom?

Bitcoin has lingered on the 17000 horizontal and, apparently, is forming another bullish flag. In principle, now the accumulation of fuel continues for a subsequent breakthrough towards the level of 18500:

Oil continues to ram the local bottom?

Oleg Svirgun, analyst at the brokerage company Tickmill

04/12/2022

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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