Quotes BRENT crude oil continues to move in the forex model Triangle, at the moment conserved capacity to rebound from the top of the model and the fall in the area below the level of 54.60 dollars per barrel. In favor of the falling prices of oil stands the test downward trend line on the indicator of relative strength.
Analysis and forecast of oil prices on February 21, 2017
Cancellation option quotes and falling oil prices will be the upper limit of the breakdown triangle model with the closure BRENT quotes above the level of 57 dollars per barrel. Is expected to accelerate the fall of oil quotations is a breakdown of the support area at a level below 54 dollars per barrel.
Analysis and forecast of oil prices on February 21, 2017 suggests an attempt to fall in the rebound from the upper boundary of the triangle model with the immediate goal of reducing at a level below the area of 54.65 dollars per barrel.
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