Quotes of BRENT crude oil continue to move within the lateral trend. At this point, there is potential for the formation of the reversal forex head and shoulders models, for this it is important to see the test area 56.20, where one should expect the completion of the formation of the right shoulder of the Forex model.
Analysis and Forecast Bent oil prices on March 9, 2017
Already from the level of 56.20 dollars per barrel, it was worth trying to sell and expect the beginning of the fall of quotations in the area below the level of $ 55 per barrel. The breakdown of this area will indicate the breakdown of the Triangle model and the beginning of the fall in oil quotations.
Abolition of the variant of falling oil quotes will be a breakdown of the upper boundary of the descending channel with the closing of quotations above the region of $ 57 per barrel, which will indicate continued growth.
Analysis and Forecast Bent oil prices on March 9, 2017 involves an attempt to complete the formation of the forex model of the Head and shoulders and the beginning of falling quotations from the area of $ 56.20 per barrel.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
