Quotes of BRENT oil close the trading week near the local minimum area at $ 45.70 per barrel. It is worth waiting for an attempt to correct quotes and oil prices in the area above the level of $ 48, where again we should expect a rebound and the fall of BRENT.
Brent crude weekly forecast on June 26 — 30, 2017
In favor of correction is the test of the lower border of the bearish channel, as well as the test of the support area on the indicator of relative strength index (RSI). The cancellation of the fall option may be the breakdown of the region at $ 50 per barrel, indicating that growth will continue. Expect to accelerate the fall in quotations and oil prices is with a breakdown of the region of $ 44 per barrel, in this case, the target of the reduction will be the area below the level of $ 40.
Brent crude weekly forecast on June 26 — 30, 2017 suggests an attempt to rebound from the lower border of the channel to an area above the level of $ 48 per barrel, where again one should expect further decline in quotations and oil prices.
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