Last week the price of Brent oil formed the bearish trap and broke the supporting zone formed between levels 71.50 and 72.50. However, the price of this asset rebounded to the broken supporting zone at the end of the trading week. Hence, the price of Brent oil might potentially rise and target the level of 80 next. So, let’s observe what the next price movement of this asset might be.

The price of the Canadian dollar kept testing the broken level of 1.3590 during the last trading week. However, the asset’s price dived below this level and formed the engulfing. The price of the currency pair USD/CAD might potentially gain the required support at the level of 1.3450 and slightly rise. Time will tell whether this scenario might work out.

Last week, the Alphabet stocks rebounded to the level of 155. Now, the price of this asset is testing the downtrend. The asset could eventually break it through and pull back to the broken trendline and supporting level of 155. After that, the asset’s price is likely to rebound again, rise, and target the level of 180.