Quotes of BRENT crude oil continue to be traded within the upward momentum. At this point, we should expect a rebound and a drop in oil prices in the area below the level of 53. In favor of falling quotes and prices for oil BRENT is the test of the resistance area on the indicator of relative strength index (RSI).
Analysis & forecast Brent crude oil on September 15, 2017
Abolishing the variant of falling oil prices will be a strong growth and breakdown of the region of $ 56 per barrel, which will indicate the breakdown of the upper border of the channel and the continuation of oil growth above the level of 60. Expect the acceleration of the fall of BRENT with the breakdown of the support area and the closing of quotations below the level of $ 52 per barrel.
Analysis & forecast Brent crude oil on September 15, 2017 suggests a fall with a potential target near the level of 53 55, from which the rebound and rising prices for oil prices are expected, an additional signal will test the support line on the indicator of relative strength index (RSI).