Quotes of BRENT crude oil continue to move within the bearish channel. Oil pushes against the upper boundary of the channel. It is worth waiting for an attempt to fall into the area below the level $ 51 dollars per barrel.
BRENT forecast & analysis on May 24, 2017
In favor of the fall, a breakdown of the upward trend line on the indicator of relative strength will enter. The abolition of the option of lowering quotations and oil prices will be the breakdown of the region at $ 55 per barrel, which will indicate continued oil growth.
BRENT forecast & analysis on May 24, 2017 suggests a rebound from the upper boundary of the bearish channel with a potential reduction target at $ 51 per barrel, cancellation can be a breakdown of the channel boundary and closing of quotes above the level of $ 55 per barrel, in this case it is to be expected continuation of growth.
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