Good day,

BRENT oil broke downtrend just to get back to it. There is a probability that asset’s price is about to pull from the broken trend and hit 46 dollars per barrel. Of course, the asset might also get back in trend and drop even further. Hence, it would be wise to wait and see what the asset’s price is about to do next to the broken trend and check the candlestick formations.

The USD/RUB pair is still likely to target the level of 80. So far, the asset got back in uptrend, pulling from the level of 76.00 and forming engulfing. Next, it has pulled from the local broken downtrend that acts as a bullish flag.

The Australian dollar is trying to pull from the level of 0.7243, forming the bullish engulfing. For now, this asset might only target the psychological level of 0.7400.

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.

High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.