Personal offer with profitability from +100%
More details

Brent oil price forecast for February 3, 2021

The support level for oil is the red slow line of the Ichimoku indicator, at $ 56.3. Brent oil quotes are above the Ichimoku cloud, which indicates an upward trend in oil.

The resistance level is the psychologically important level of $ 60 per barrel. If the Brent quotes are fixed above this mark, the forecast for the week will continue to be worked out with the goal of the oil rate exceeding $ 64 per barrel.

A short-term rollback to the support area is possible, which will be an additional signal of an imminent resumption of the upward trend in oil.

Brent oil price forecast for February 3, 2021

Data on US crude oil inventories is expected in the evening, so there may be increased volatility on the oil chart. For periods of more than 4 hours, the oil forecast will be developed within the framework of technical analysis.

Thus, the forecast for the oil rate for February 3 assumes a short-term rollback within the upward trend, the continued growth of the brent oil rate.


Leave a Reply

Your email address will not be published. Required fields are marked *

Online charts

Forex charts

Cryptocurrency charts

Exchange commodities

Stock indices

Forex brokers rating


Popular posts

[wpp header_start='

' header_end='

' range='last7days' thumbnail_width=150 thumbnail_height=90 stats_views=0 limit=5 order_by='views']

Last notes

Popular tags


Recent Comments


    Real-time charts and quotes: Forex currency pairs, cryptocurrencies, stock charts, online commodity charts. Forecasts for tomorrow. If you want to know the forecast of the cost of cryptocurrency for tomorrow, for the week ahead - follow our forecasts, subscribe to the telegram channel. By using the site, you agree to the terms of our User Agreement. Any use of site materials without the written permission of the administration is prohibited. In case of violation of these requirements, the site administration reserves the right to protection in accordance with applicable law.
    The fact of opening positions in financial markets is not a guarantee of profit. You may not only earn nothing, but also lose money. The site owner is not responsible for the results of your decisions. We only provide you with information (for comparison and objective decision-making) about the prospects for changing the rates of a particular financial instrument, you make the final choice yourself. The content of the site is for informational and reference purposes only and is not a recommendation or offer.
    © 2021 Copying of site materials is prohibited.