Quotes BRENT crude oil continues to move in the forex Triangle models and currently quotes are repelled from the upper boundary of the model, indicating a continued decline in the area below the level of 55 dollars per barrel.
Analysis and forecast of oil prices on February 23, 2017
In favor of the falling prices of oil will make the breakdown of the uptrend line on the indicator of relative strength. Cancellation option quotes and falling oil prices will be strong growth and the breakdown of the upper limit of forex triangle patterns.
Tomorrow is expected to publish data on stocks of crude oil from the US Department of Energy that can cause increased volatility in the oil.
Analysis and forecast of oil prices on February 23, 2017 suggests an attempt to fall below the level of 55 dollars per barrel, the cancellation option will strong growth and the breakdown field of 58 dollars per barrel, which will point to the continued rise in oil prices.
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