Quotes of BRENT crude oil continue to move in a downward trend. However, at the moment there is a potential for the growth of oil quotations in the upper border of the downward channel at the level of 53.50, where again it is expected to fall quotations in the area below the level of $ 50 per barrel.
Analysis and BRENT oil price forecast on March 13, 2017
Abolition of the variant of the continuation of the fall in oil quotations will be the breakdown of the upper boundary of the descending channel with the closing of quotations of oil above the level of $ 54 per barrel.
Analysis and BRENT oil price forecast on March 13, 2017 involves an attempt to test the upper boundary of the downward channel and the continuation of falling quotations and oil prices in the area below the level of $ 50 per barrel, the cancellation will be a breakdown of the upper boundary of the descending channel.
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