BCOUSD Price Carried Out Price Retracement at $64 Level, Further Price Increase EnvisagedAuthor: Azeez MustaphaLast Updated: 30 June 2019 BCOUSD Price Analysis – June 30In case the Bulls break up the two EMAs, the BCOUSD price may reach 70 levels. Should the dynamic resistance level resist the price, it may continue a sideways movement. BCO/USD Market Key levels:Supply levels: $70, $79, $85 Demand levels: $64, $58, $49 BCOUSD Long-term trend: BearishBrent Crude Oil is bearish on the long-term outlook. The Bears would not let the price go but rather hold onto the price of the Brent Crude Oil. On June 23, the Bullish candle was produced and broke up, closed above the $64 level. Last week market initially looks bullish, but later the Bears overpowered the Bulls and the market closed with a bearish candle.BCOUSD weekly chart, June 30The BCOUSD touched the two EMAs but unable to break up the level and pulled back. The price remains to consolidate below the 21 periods EMA and 50 periods EMA, with the two EMAs, interlocked to each other as a sign of consolidation. The stochastic Oscillator period 14 is at 25 levels showing no specific direction, which indicates that consolidation, is ongoing in the BCOUSD market. In case the Bulls break up the two EMAs, the BCOUSD price may reach 70 levels. Should the dynamic resistance level resist the price, it may continue a sideways movement. BCOUSD medium-term Trend: BullishBrent Crude Oil is bearish on the daily chart. The price is yet to break up the 50 periods EMA; it is still under the bearish control. Last week in the daily chart, the price ranged in-between the 21 periods EMA and 50 periods EMA.BCOUSD daily chart, June 30However, the Stochastic Oscillator period 14 is above $75 level with the signal lines pointing down to connotes sell signal.Please note: insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.