Quotes BRENT crude oil continue to move in line with expectations and at the moment, oil prices pushed from the top of the lateral movement. There is the potential for the breakdown of the support line and the continuation of falling of quotations of oil in the area below the level of 54 dollars per barrel.
Analysis and Forecast BRENT oil price on March 3, 2017
With the breakdown of the level of 54 dollars per barrel is expected to continue to decline below the level of 50 dollars. In favor of the version of the acceleration of falling oil quotes will perform sample support line on the indicator of relative strength.
Cancellation option will be the fall of quotations BRENT strong growth and the breakdown field of 58 dollars per barrel, which points to continued growth in the region above the level of 60 dollars per barrel.
Analysis and Forecast BRENT oil price on March 3, 2017 suggests an attempt to continue to fall and breakdown support line should expect a tight field test 54 dollars per barrel, which will point to the continuation of decline in oil.
