Quotes BRENT crude oil continues to move in the lateral trend and at the moment quotes are testing a major support line, the breakdown of which points to the continuation of the decline from the first target at the level of 53 dollars per barrel. In favor of a lowering of quotations and oil prices testing the rapid downward trend line on the indicator of relative strength.
Analysis and forecast oil prices BRENT on March 7, 2017
Cancellation option will drop BRENT quotations breakdown region of the upper border of lateral movement that will point to the continued growth of oil in the area above the level of 58 dollars per barrel. We are trying to close the sale of oil Stoploss, a breakdown of the lower limit are ready to increase the volume of sales BRENT.
Analysis and forecast oil prices BRENT on March 7, 2017 suggests an attempt to break the support line and the decline in the region at the level of 53 dollars per barrel, the cancellation option may be the breakdown of the upper limit of lateral movement.
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