Quotes of BRENT crude oil continue to trade as part of the growth. At this time, we should expect an attempt to continue the decline in the region of the lower border of the channel near the area of 51.50. In favor of falling quotes and prices for oil BRENT is a rebound from the resistance line on the indicator of relative strength index (RSI).
Analysis & forecast crude oil prices on September 12, 2017
The abolition of the fall in oil prices will result in a strong growth and breakdown of the region at $ 55.50 per barrel, indicating a breakdown of the upper border of the channel and the continuation of oil growth above the level of 60. Expect the acceleration of the fall of BRENT with the breakdown of the bottom of the bullish channel and the closing of quotes below the level of 51 dollars per barrel.
Analysis & forecast crude oil prices on September 12, 2017 involves an attempt to drop oil quotations to the lower border of the channel at the level of 51.50, an additional signal is the rebound of the values of the relative strength indicator (RSI) from the resistance line, the cancellation will be a strong growth and breakdown of the area 55, which will indicate to continue the growth of oil quotations.
