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 quotations 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 19, 2017
Expect to accelerate the fall is with the breakdown of the lower boundary of the Wedge model. Abolition of the variant of falling oil prices will be a strong growth and breakdown of the region $ 57 per barrel, which will indicate the breakdown of the upper boundary of the Wedge model and the continuation of oil growth above the level of 60.
Analysis & forecast Brent crude oil on September 19, 2017 involves an attempt to fall with a potential target near level 53, as part of the start of the Wedge model, an additional signal in favor of BRENT decline will be a resistance line test on the relative strength indicator (RSI).