Oil has pulled from the supporting zone formed between the levels 82.50 and 83.70 several times in a row, leaving very long spikes behind. Currently, oil prices are repeatedly approaching the supporting zone. Hence, oil might potentially pull from the level of 82.50 and jump to the level of 100. So, let’s observe what is going to happen next.Silver is heading up. The asset might gain the required support at the level of 22.30, which is located next to the uptrend. Silver is likely to hit the level of 24.75 next.Bitcoin remains at the level of 17000. It seems that the asset is forming a bullish flag again. In principle, Bitcoin might potentially break through and hit the level of 18500 next.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/oil-forecast-potential-jump-ahead-05-12-2022"
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