Quotes of oil BRENT showed significant continued to fall at the level of 45 dollars per barrel. To date, the potential for development is maintained upward correction to the upper boundary of the descending channel, where you can try to sell the oil with a close stop.
Analysis and forecast of oil prices BRENT on September 5, 2016
Cancellation option will be the continuation of the fall and test the area below the level of 45 dollars per barrel, which will point to the potential continuation of the fall to below $ 40 a barrel.
Analysis and forecast of oil prices BRENT on September 5, 2016 suggests an attempt to upward correction in the region of 48 dollars per barrel in the framework of the completion of the formation of the descending pattern is 1:1 to the potential continuation of the fall, the cancellation will be the breakdown of the area of $ 45 that will indicate the test level of 40.
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