Quotes of BRENT crude oil continue to move within a tight test of the resistance area, as well as the upper boundary of the descending channel. At the moment, there is still potential for continuing falling quotations in the area below the level of $ 47 per barrel.
Analysis and forecast Brent crude oil on May 10, 2017
In favor of the drop is the resistance area test on the relative strength indicator. The cancellation of the variant of falling quotations and oil prices will result in a strong growth and surf of the area of 50.50, which will indicate the continuation of the development of the upward correction of BRENT. Expect to accelerate the fall of quotations is with the breakdown of the region 48 dollars per barrel.
Analysis and forecast Brent crude oil on May 10, 2017 involves an attempt to rebound from the area of resistance and falling quotations and oil prices in the region below the level of $ 47 per barrel, the cancellation will be a strong growth and breakdown of the region of $ 50.50 per barrel.
