Quotes of BRENT crude oil continue to move within the ascending channel. It is worth waiting for an attempt to break the lower border and continue the decline in the area below the level of $ 46 per barrel. In favor of the fall is the breakdown of the support line on the indicator of relative strength.
Analysis & forecast crude oil on August 16, 2017
The abolition of the decline in oil prices will be a strong growth and breakdown of the region 53, which will indicate the continued growth of oil in the local maximum area. Expect the acceleration of the drop in quotes BRENT is with the breakdown of the lower border of the channel and the closing of quotations below the level of 49 dollars per barrel.
Analysis & forecast crude oil on August 16, 2017 involves an attempt to break the lower boundary of the channel and continue the decline to below the level of 46, an additional signal in favor of the decline is the breakdown of the support line on the indicator of relative strength index (RSI).
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