Quotes of BRENT crude oil continue to move within a strong upward correction and are currently testing an area of $ 55.76 per barrel. However, there remains a potential for falling quotations and oil prices in the mouth below the level of $ 54 per barrel.
BRENT crude oil price Forecast on April 11, 2017
In favor of falling quotations BRENT will breakdown the upward trend line on the indicator of relative strength. The cancellation of the variant of falling quotations will be the breakdown of the local maximum area, which will indicate the continued growth of oil.
BRENT crude oil price Forecast on April 11, 2017 suggests an attempt to fall below $ 54 per barrel as part of the development of the Head and Shoulders reversal model, an additional signal will be a breakdown of the trend line on the relative strength indicator.
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