Quotes of BRENT crude oil continue to move within a strong upward trend and currently trade above the level of $ 56 per barrel. The potential for continuing the growth of quotations in the region of $ 57 per barrel is maintained, in favor of growth is the support line test on the indicator of relative strength.
BRENT forecast crude oil prices on April 12, 2017
The cancellation of the option will be the breakdown of this line, which will indicate the completion of the growth and the beginning of the fall in quotations and oil prices in the region below the level of $ 54 per barrel.
The publication of data on crude oil reserves from the US Department of Energy is expected, which could put pressure on the price of oil on world markets.
BRENT forecast crude oil prices on April 12, 2017 suggests an attempt to continue growth in the area above the level of $ 57 per barrel as part of the rebound from the support line on the indicator of relative strength, the breakdown will be a breakdown of the lower boundary of the channel and a fall below the area.
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