Quotes BRENT crude oil after the test psychological resistance at $ 55 per barrel, and repelled at the moment has the potential to fall under the mining reversal forex head and shoulders pattern with a view to fall below the level of 53 dollars per barrel.
Analysis and forecast of oil prices BRENT on December 7, 2016
Cancellation option will be a strong growth above the level of 56 that will point to the abolition of the model and the continuation of an upward trend. We continue to hold aggressive oil and try to increase the amount of short positions. Expect accelerating drop in prices and the price of oil is a breakdown of the level of 54.30. Among the important events that may affect the price of BRENT crude oil tomorrow, December 7, 2016 stands out, data on crude oil inventories from the Energy Department, the past was on the importance of -884K level.
Analysis and forecast of oil prices BRENT on December 7, 2016 suggests an attempt to fall within the framework of working out a reversal pattern that could trigger a reversal of the growth and completion.
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