Quotes BRENT crude oil continued to fall and the development at the moment there are risks of falling prices of oil in the area below the level of 43 dollars per barrel in the framework of the descending forex 1:1 model. Cancellation option will yield quotations of oil outside the channel. But do not forget about the descending pattern Wolfe waves order to fall below the level of 42 dollars per barrel.
Analysis and forecast of oil prices BRENT on November 7, 2016
We continue to hold the sale of oil and increase sales. Do not forget about the publication NON-FARM PAYROLLS, which can lead to more serious drop in oil.
Analysis and forecast of oil prices BRENT on November 7, 2016 suggests an attempt to fall within the framework of the descending pattern with the target of the fall below the level of 43 dollars per barrel.