Bitcoin and Brent oil are on the rise
Bitcoin broke the level of 21000. Currently, the asset is consolidating. Bitcoin is likely to pull away from the broken level of 21000 and target the level of 22500 next.
Having formed a bullish flag, Brent oil has jumped. The asset is about to face resistance at the level of 102.50. Oil might pull back from this level and drop to the level of 90. The candlestick formations will demonstrate the future price movements of this asset.
The price of the American stock index S&P 500 has pulled from the downtrend and dropped to the supporting zone formed between the levels of 3578 and 3510. The index might potentially pull away from the zone and head up. So, let’s observe what is about to happen next.
Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% and 72% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Futures and Options: Trading futures and options on margin carries a high degree of risk and may result in losses exceeding your initial investment. These products are not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.