Quotes of BRENT oil continue to move within the framework of the beginning of the development of the reversal Forex Head and Shoulder models. At the moment, there is still potential for continuing falling quotations and oil prices in the region below the level of $ 54 per barrel.
Analysis and BRENT forecast crude oil on April 19, 2017
In favor of the fall of BRENT is a rebound from the descending line of the trend and an indicator of relative strength. The cancellation of the fall option will be the breakdown of the area of formation of the right shoulder with the closing of quotations above $ 56.50 per barrel.
Analysis and BRENT forecast crude oil on April 19, 2017 involves an attempt to lower quotations in the area below the level of $ 54 per barrel as part of the development of the reversal Forex Head and Shoulder models, cancel the breakdown test at the level of the right shoulder of the reversal Forex model.
