Quotes of BRENT crude oil continue to move within the downward trend, at the moment oil quotes are testing the lower limit of the Triangle model with a breakdown of which is expected to try to continue falling into the area below the level of $ 49 per barrel.
Analysis and forecast BRENT oil prices on March 22, 2017
In favor of falling quotations and oil prices is the test of the downward trend line on the indicator of relative strength. The abolition of the drop in oil quotations will be followed by the breakdown of the region at $ 53 per barrel, which will indicate the continuation of the upward correction of oil.
Analysis and forecast BRENT oil prices on March 22, 2017 suggests an attempt to break the lower boundary of the Triangle model and continue the decline in the area below the level of $ 49 per barrel, the cancellation will be the quotes outflow from the upper boundary of the descending channel.
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