Quotes of BRENT crude oil close the trading week near the region of 61 dollars per barrel. It is worth waiting for a test of the level of $ 62. Whence again it is necessary to expect continuation of falling of quotations below level 58 dollars for barrel.
BRENT crude oil forecast on November 6 — 10, 2017
An additional signal in favor of falling oil quotations is the formation of the «Head and Shoulders» reversal model on the indicator of relative strength. Canceling the option of reducing quotes and prices for BRENT oil in the current trading week will break through the area of 64, indicating that the continued growth of oil with a test level of 65 dollars per barrel. Expect to accelerate the fall is with the breakdown of the level of 57 dollars per barrel.
BRENT crude oil forecast on November 6 — 10, 2017 suggests an attempt to fall into the support area at $ 58 per barrel, an additional signal in favor of the oil price drop is the formation of the «Head and Shoulders» reversal pattern on the relative strength indicator (RSI).
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