Quotes of BRENT oil continue to move within the limits of the decline, at the moment oil quotes show a correction, but the potential for continuing the decline in Brent oil prices remains. In favor of the fall is the test of the upper boundary of the downward channel, as well as a potential test of the downward trend line on the indicator of relative strength.
Analysis and forecast BRENT on March 24, 2017
The abolition of the drop in oil quotations will be the breakdown of the region at $ 53 per barrel, which will indicate the completion of the decline and continued growth with a potential target near the region of $ 55 per barrel.
Analysis and forecast BRENT on March 24, 2017 suggests an attempt to continue the decline in the area below the level of 49.50 dollars per barrel within the rebound from the upper boundary of the descending channel.
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