Quotes of BRENT oil close the trading week near the region of $ 52 per barrel. It is worth waiting for an attempt to rebound and fall in quotations and oil prices in the region below the level of $ 45 per barrel. In favor of the fall, a resistance level test comes in, as well as a bearish trendline test on the relative strength indicator index (RSI).
BRENT crude oil weekly forecast on August 7 — 11, 2017
The cancellation of the variant of falling quotations and oil prices will be followed by breakdown of the area 55, which will indicate the continued growth with the potential test of the region $ 60 per barrel. Expect to accelerate the fall is with the breakdown of the area $ 50 per barrel.
BRENT crude oil weekly forecast on August 7 — 11, 2017 assumes an attempt to fall below $ 50 per barrel within the rebound from the resistance area, an additional signal is the trendline test on the relative strength indicator (RSI).
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