Quotes of BRENT crude oil continue to move in a downward trend, but quotes have left the limits of the downward channel. At the moment, we should expect a tight test of the area above the level of $ 53 per barrel and the continuation of a decline in the region of $ 50.
Analysis and forecast BRENT oil prices on March 17, 2017
In favor of the drop, protrude a tight test of the resistance area on the indicator of relative strength. The cancellation of the option knows the breakdown of the region at 53.50 dollars per barrel, which indicates the continued growth in the area above the level of 55 dollars.
Analysis and forecast BRENT oil prices on March 17, 2017 involves an attempt to test the level of 53 and the beginning of a fall in the area below $ 50 per barrel, the cancellation will be a breakdown at the level of 53.50.
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