Quotes of BRENT crude oil continue to move in line with growth. At this point, we should expect an attempt to test the level of 64 and continue in the fall area below level 58 as part of the development of the reversal model «Double top». In favor of falling quotations and prices for oil BRENT will test the resistance line on the indicator of relative strength index (RSI).
BRENT crude oil technical analysis on November 29, 2017
Expect to accelerate the decline of BRENT is with a breakdown of the trend line and closing below 62.50. The abolition of the fall in oil prices will be a strong increase and a breakdown of 65 dollars per barrel, which will indicate the reversal of the reversal pattern and the continued growth of oil.
BRENT crude oil technical analysis on November 29, 2017 involves an attempt to reduce oil prices with a target below the level of 61, in favor of falling oil prices, a trend line test will be performed on the indicator of relative strength index (RSI), the abolition of the drop in the price of BRENT oil will be a breakdown of level 65, which indicates the continued growth.
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