BRENT crude oil price forecast May 12 2016


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Quotes BRENT crude oil continue to test the area above the level of 45 dollars per barrel. However, the risk of falling is already 12 May 2016 remain unchanged. As you can see, there is a downward wave Wolfe, and there is potential for it with a view to working out at a level below 40 dollars per barrel. Cancellation option of the descending wave Wolfe oil will be a strong growth of quotations and price of oil BRENT above the level of 48 dollars per barrel. We continue to hold the sale of oil and are ready to increase the amount of short positions with the tight stop.

BRENT crude oil price forecast May 12 2016

BRENT crude oil price forecast May 12 2016

Thus, BRENT crude oil price forecast May 12 2016 suggests an attempt to start mining within the bearish WOLF wave of falling oil prices for the purpose at the level of below $ 40 per barrel.


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