Quotes of BRENT oil continue to move within the framework of the formation of a downward wave model of Wolfe. It is worth waiting for a test of the level above $ 50 per barrel and then continuing the decline in oil prices. In favor of the drop is the resistance line test on the relative strength indicator.
Analysis & forecast crude oil prices BRENT on July 21, 2017
And also the formation of the forex model of Wedge. Abolition of the variant of price reduction and quotations of oil will be a breakdown of the level of $ 51.50 per barrel, which will indicate the continued growth of oil.
Analysis & forecast crude oil prices BRENT on July 21, 2017 suggests an attempt to fall as part of the start-up of the bearish wave model of Wolfe with the potential target of falling below the region of $ 44 per barrel.
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