BRENT crude oil forecast — May 24, 2016


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Quotes BRENT crude oil continues to test the area of a local maximum. At the moment, there is potential for development of a model double top reversal.

BRENT crude oil forecast — May 24, 2016

BRENT crude oil forecast — May 24, 2016

The aim BRENT quotations fall is the area at the level of below $ 46 per barrel. Cancellation option of falling prices of oil will rise above the level of 50.50 dollars per barrel. An additional signal in favor of the fall will break through the support level near 47.50, which trigger a continuation of falling and testing of reversal pattern.

BRENT crude oil forecast — May 24, 2016 suggests an attempt to fall within the framework of working out a reversal pattern double top for the purpose of falling below 46 dollars.


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