BRENT crude oil forecast on on December 4 — 8, 2017


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Quotes of BRENT crude oil close the trading week near the area of $ ​​63.89 per barrel. It is worth waiting for an attempt to test the level of 65 and the beginning of the fall in the support area at $ 57 per barrel. An additional signal in favor of falling oil quotes is the formation of the reversal model «Failure Swing» on the indicator of relative strength index (RSI).

BRENT crude oil forecast on on December 4 — 8, 2017

Canceling the variant of falling quotes and prices for BRENT oil in the current trading week will break through the area of ​​67, which indicates the continued growth of oil with a test of $ 70 per barrel. Expect to accelerate the fall is with the breakdown of the lower boundary of the channel and closing below the level of 61.00.

BRENT crude oil forecast on on December 4 — 8, 2017

BRENT crude oil forecast on on December 4 — 8, 2017 assumes a test of level 65, from which it is expected to start the fall of oil, an additional signal in favor of lower oil prices is the formation of the model «Failure Swing» on the indicator of relative strength index (RSI).

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