Oil Forecast: Potential Jump Ahead?
Good day,
Oil has approached the level of 77.82 and tried to break the resistance. Typically, the asset’s price can slightly drop and then only break the level through. Hence, it would be wise to check the price movements at the level of 77.82 at the beginning of the trading week to understand what is about to happen next.
The currency pair EUR/USD has managed to form a bullish engulfing at the supporting level of 1.1704, therefore this asset might jump soon.
Gold is staying at the level of 1751.1, with a potential to jump or even drop. Nevetheless, the asset is currently heading up and price correction is temporarily over.
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