Quotes BRENT crude oil continues to move sideways, at the moment can be assumed that the formed triangle forex pattern. We should expect the attempt to rebound from the lower limit in the area above the level of 56 dollars per barrel.
Analysis and forecast oil prices on February 9, 2017
In favor of the rebound of oil quotations testing the support line on the indicator of relative strength. In the case of a breakdown of the field 54 dollars per barrel is expected to attempt to accelerate the development of the downward trend in the beginning of working out the framework forex triangle patterns.
Analysis and forecast oil prices on February 9, 2017 suggests an attempt to test the lower boundary of the model and the beginning of growth in the area above the level of 56 dollars per barrel, in the case of the breakdown region 54 dollar is expected to continue falling.
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