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Brent oil price forecast for January 28

The current rate for Brent oil is $ 55.4. Oil quotes are inside the Ichimoku cloud, which signals an uncertain situation for oil. The $ 56 and $ 57 levels have so far proved to be insurmountable for attempts to continue the bullish trend that has been going on since early November.

The support level for the Brent oil rate is $ 54.5. This level has been tested three times recently.

The resistance level is $ 56.6 and $ 57.4 (this year's all-time high).

Brent oil price forecast for January 28

A rebound from the lower border of the channel and the continuation of the upward movement will show the oil bulls the potential for growth in the rate to the opposite border of the channel, to the level of $ 63 per barrel of brent crude oil.

Thus, the forecast for the brent oil rate for January 28 assumes a continuation of the upward trend and an attempt to gain a foothold above the $ 57 mark per barrel of black gold.

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