Quotes of BRENT crude oil continue to move within the development of the decline and at the moment oil quotes have broken the lower border of the rising channel and are testing the support area. It is expected to continue the decline in oil prices in the area below the level of $ 52 per barrel, in favor of falling quotes is a tight test of the downward trend line on the indicator of relative strength.
Analysis and forecast BRENT on April 24, 2017
The cancellation of the variant of falling quotations and oil prices will be a breakdown of the lower boundary of the channel, which will indicate the continued growth of oil.
Analysis and forecast BRENT on April 24, 2017 involves an attempt to break through the support area and continue the decline in the area below the level of $ 52 per barrel, the cancellation will be the return of quotations inside the rising channel.
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