Quotes of BRENT crude oil close the trading week near the area of $ 61.84 per barrel. It is worth waiting for the test of 62.50 and continuing 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 November 20 — 24, 2017
The cancellation of the variant of falling quotes and prices for BRENT oil in the current trading week will be the breakdown of area 65, which will indicate 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 59.50.
BRENT crude oil forecast on November 20 — 24, 2017 assumes a test of the level of 62.50, from where it is expected to continue the fall of oil, an additional signal in favor of the oil price decline is the formation of the model «Failure Swing» on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
