Analysis and forecast of oil prices BRENT on November 11, 2016


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Quotes BRENT crude oil continues moving inside the descending channel, as we noted earlier, tight oil is testing the support area at $ 45 per barrel, the breakdown, which indicates an downward continuation of the downtrend with a potential test area at $ 40 per barrel.

Analysis and forecast of oil prices BRENT on November 11, 2016

Analysis and forecast of oil prices BRENT on November 11, 2016

However, in the case of quotations going beyond the upper boundary of the channel is expected to start upward correction to close to the level of $ 50 per barrel. We continue to hold the sale, but the foot on the deal moved closer to the current market, so that nothing is lost in these transactions.

Analysis and forecast of oil prices BRENT on November 11, 2016 suggests the test the upper boundary of the channel and continue to decline below the level of 43 dollars per barrel.

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