Quotes BRENT crude oil continues to move in the form of forex model Triangle, there is the potential for another test of the upper boundary of the model and the beginning of fall in the area at the level of 54 dollars per barrel, with a potential breakdown of the support and continuation of the fall.
Analysis and forecast oil prices (BRENT) on January 27, 2017
In favor of the rebound of quotations from the upper boundary of the push test the resistance line on the indicator of relative strength. We continue to hold the sale of oil and are ready to increase the volume of short positions on the development of a fall.
Break the upper limit is expected to accelerate growth of quotations of oil in the area of a local maximum.
Analysis and forecast oil prices (BRENT) on January 27, 2017 suggests an attempt to drop a breakdown field of 54 and fall below 52 dollars per barrel in the beginning of working out the framework Forex Triangle patterns.
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