BRENT crude oil forecast on November 13 — 17, 2017


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Quotes of BRENT crude oil close the trading week near the area of ​​63.74 dollars per barrel. It is worth waiting for an attempt to drop and test the lower border of the bullish channel near the level of $ 61. Whence again it is necessary to expect the continuation of the growth of quotations above the level of $ 66 per barrel.

BRENT crude oil forecast on November 13 — 17, 2017

An additional signal in favor of oil price growth will be a bullish trend test on the indicator of relative strength index (RSI). The abolition of the variant of growth of quotations and prices for BRENT oil in the current trading week will be the breakdown of area 59, which will indicate a continued decline in oil with a test of $ 55 per barrel. Expect to accelerate growth is with the breakdown of the level of 65 dollars per barrel.

BRENT crude oil forecast on November 13 — 17, 2017

BRENT crude oil forecast on November 13 — 17, 2017 suggests an attempt to fall to the lower boundary of the channel at $ 61 per barrel, where it is expected to continue growing, an additional signal in favor of rising oil prices will test the support line on the indicator of relative strength index (RSI).

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