FOREX forecast Oil for December 27, 2021

neft-l2Brent is trading at 75.56; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 73.70 and then resume moving upwards to reach 82.15. Another signal in favour of a further uptrend will be a rebound from the descending channel’s upside border.

However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 70.35. In this case, the pair may continue falling towards 67.65.

BRENT

Orgin: RoboForex

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