Quotes of BRENT crude oil continue to move within the bullish channel. Currently, the quotations are tested for the area of the upper border of the channel. An attempt is expected to drop oil quotations in the region below the level of $ 47.70 per barrel.
Analysis & BRENT forecast oil prices on July 3, 2017
Where again we should expect a rebound and the growth of quotations of BRENT oil in the region above the level of $ 50 per barrel. In favor of the growth of quotations will perform a tight test of the support line on the indicator of relative strength index (RSI). Canceling the option will drop the breakdown of the region $ 47 per barrel, which will indicate the continued decline in oil prices.
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