Quotes BRENT crude oil continued to trade close to the level of $ 50 per barrel. There still remains an urgent descending pattern Wolfe waves for the purpose of drop in prices below $ 46 per barrel. We try oil sales with the tight stop above the local maximum level and are ready to increase the volume of sales to the extent of the fall.
Analysis and forecast of oil prices BRENT on November 25, 2016
Cancellation option quotes and falling oil prices will be strong growth above the level of 52 dollars per barrel, which will point to the potential continuation of the growth and development of an upward movement for the purpose of higher level of 55 dollars per barrel. Is expected to accelerate the fall is a breakdown of the rising channel’s lower border.
Analysis and forecast of oil prices BRENT on November 25, 2016 suggests an attempt BRENT crude oil to fall below $ 46 per barrel within the mining model bearish Wolfe wave cancellation option will attempt to upgrade the area of a local maximum.