Quotes of BRENT crude oil continue to move within the downward trend and at this time it is expected to try to continue falling quotations and oil prices in the area below the level of $ 49 per barrel. In favor of the fall, a dense test of the downward trend line will appear on the indicator of relative strength.
Analysis and forecast BRENT on March 28, 2017
The abolition of the drop in oil quotations will result in a strong growth and breakdown of the region at $ 53 per barrel. Which will indicate the completion of the decline and development of the upward trend in oil. Expect to accelerate the fall is with the breakdown of the local minimum area.
Analysis and forecast BRENT on March 28, 2017 suggests an attempt to continue the decline in the area below the level of $ 49 per barrel as part of the rebound from the descending line of resistance on the indicator of relative strength, the elimination of the option will be the breakdown of the region of $ 53 per barrel.
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