Quotes of BRENT crude oil continue to move in the downward trend and at the moment there is still potential for continuing the decline in the area below the level of $ 49 per barrel. In favor of lower quotations and oil prices is a tight test of the downward resistance line on the indicator of relative strength.
Analysis and forecast BRENT on March 29, 2017
The abolition of the continuation of the decline will be the breakdown of the upper boundary of the descending channel and the closing of oil quotes above the region of $ 53 per barrel. To expect the acceleration of the fall is a breakdown of the local minimum region.
Analysis and forecast BRENT on March 29, 2017 suggests an attempt to continue falling to the area below the level of $ 49 per barrel as part of the rebound from the downward trend line on the indicator of relative strength.
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