Quotes BRENT crude oil continue to move in line with expectations and our oil price forecast for tomorrow. At this point in the downward wave pattern Wolfe with a potential to reduce the field at a level below 46 dollars per barrel.
Analysis and forecast of oil prices BRENT on November 29, 2016
Cancellation option will be a strong growth of quotations of oil above the level of 52 dollars per barrel, in this case, we can expect an attempt to continue the development of ascending correction. But do not rule out the possibility of forming a reversal pattern Forex Head and shoulders, to see that it is important to test the area of $ 49.50 a barrel, where is again expected to fall oil prices.
Analysis and forecast of oil prices BRENT on November 29, 2016 suggests an attempt to fall within the framework of the completion of the descending pattern Wolfe waves to reduce the area below 46 dollars per barrel, the cancellation option will strong growth breakdown area of a local maximum.