Quotes of BRENT crude oil continue to move within the downward trend and at the moment there is still potential for continuing falling oil in the area below the level of $ 49 per barrel. In favor of continued decline in oil is the test of the downward trend line on the indicator of relative strength.
Analysis and forecast BRENT oil prices on March 27, 2017
In case if oil quotes can break through the upper border of the descending channel and show growth above the level of $ 53 per barrel, you should expect an attempt to continue the rise in oil prices in the region above the level of $ 55 per barrel.
Analysis and forecast BRENT oil prices on March 27, 2017 suggests an attempt to continue the decline in quotations and oil prices in the region below the level of $ 49 per barrel as part of the rebound of the relative strength indicator from the downward resistance line, the elimination of the tightness of the breakdown of the 53 dollar area Per barrel.
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