Personal offer with profitability from +100%
More details

Brent oil price forecast for tomorrow, January 4, 2021

Brent crude is trading at $ 51.7 per barrel. Brent quotes froze in a narrow corridor plus or minus 1 dollar since the second half of December 2020. The resistance level of $ 52 per barrel turned out to be strong enough for the quotes of black gold to gain a foothold above it.

However, if you look closely at the Brent oil chart, we see that at the moment oil quotes are at the lower border of the ascending channel. The support level for the Brent oil rate is the level of $ 51 per barrel. The nearest resistance level is $ 52.5. A break of this level upwards will open the way for the growth of the price of Brent oil to the level of $ 55.

Brent oil price forecast

We assume the possibility of a short-term decline in the rate of brent oil tomorrow 04.01.2021 to the level of 51 dollars per barrel, after which an upward movement will follow, in order to consolidate oil quotes above the level of 52.5 dollars. The oil forecast for the week is an increase in quotations and a price of $ 55 per barrel of oil by mid-January 2021.

Thus, the forecast for the oil rate for January 4 assumes an increase in the cost of Brent oil.


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Your email address will not be published.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.