Oil Forecast: Potential Rise Ahead
Bitcoin keeps forming a bearish pennant on the daily timeframe, targeting the supporting level of 12500. So, in this case, Bitcoin is likely to break this pattern and drop below the level of 15600.
Oil has tested the supporting level of 87.19, which is also the level of the bearish trap. Oil is likely to jump and target the broken uptrend anytime soon. So, let’s observe when exactly it is going to happen.
Silver broke the upper boundary of the range and entered the resistance area formed between levels 20.90 and 21.30. The price of silver might potentially jump and remain above the level of 21.30. Should the silver drop below the level of 20.90, it might dive even further. So, let’s see what silver is going to do next.
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