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Oil is trying to reach the “weave” per barrel, but will it stay there?

Good afternoon!

Bitcoin nevertheless went to work out the flag and overcame the mark of 17000. We continue to pay attention to the important and interesting resistance level of 18500, near which the quotes of the coin can, with a high probability, rebound down. With a confident breakdown of the 18500 horizontal, it will be possible to speak with caution about the formation of a new uptrend:

Silver rebounded from the broken range and actively headed north. The main resistance on the path of growth is the level of 24.75, although in this case, a downward rebound should be regarded as a temporary correction. The subsequent price movement to the indicated level will most likely lead to a breakdown of the horizontal line and the resumption of the uptrend:

Oil is trying to reach "weaving" behind the barrel, but will it stay there?

Brent oil, having rebounded from the lower border of the range of 83.00 + of the broken descending channel, confidently flew up to the opposite line of the horizontal channel. Most likely, the resistance area formed between the levels of 98.50-100.00 will not be overcome the first time, and we will be able to see the “black gold” pull back down. Here it is important to observe the behavior of the price near the specified resistance area:

Oil is trying to reach "weaving" behind the barrel, but will it stay there?

Oleg Svirgun, analyst at the brokerage company Tickmill


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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