Quotes of BRENT crude oil continue to move in the downward trend and at the moment there is a potential for continuing the decline in quotations below the level of 51 dollars per barrel. In favor of falling oil is a tight test of the descending line of resistance on the indicator of relative strength, as well as a test of the upper boundary of the descending channel.
Analysis and BRENT oil price Forecast on May 1, 2017
The cancellation of the variant of falling quotations will be a strong growth and breakdown of the region 53 dollars per barrel, which will indicate the continued growth of BRENT oil in the area above the level of $ 55 per barrel.
Analysis and BRENT oil price Forecast on May 1, 2017 suggests an attempt to fall below the level of $ 51 per barrel within the rebound from the upper boundary of the descending channel, the breakdown of the 53 area will be a step that will indicate continued growth.
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