Quotes BRENT crude oil continues to move in the lateral trend and at the moment there is a potential for a tight test the area below the level of 54 dollars per barrel, which is expected to complete the formation of bullish forex model Wolfe waves with a potential target of growth above the level of 57 dollars per barrel.
Analysis and forecast of oil prices on February 15, 2017
Cancellation option will be the growth of quotations of oil drop and the sample region 53 dollars per barrel, which will point to a continuation of the fall to below $ 50 per barrel. Among the important news that could affect the price of oil, is to provide, data on stocks of crude oil from the Department of Energy.
Analysis and forecast of oil prices on February 15, 2017 suggests an attempt to drop to 54 dollars per barrel, where we should expect a rebound and the beginning of growth in the area above the level of 57 dollars per barrel.
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