Quotes of BRENT crude oil continue to move within the upward trend and currently trade near the region of $ 56 per barrel. The potential for falling to the area below the level of $ 54 per barrel remains. In favor of falling quotes and oil prices is the breakdown of the upward trend line on the indicator of relative strength.
BRENT forecast crude oil prices on April 13, 2017
Canceling the option of lowering quotations and oil prices will break through the upper boundary of the rising channel, which will indicate the continued increase in the price of oil.
BRENT forecast crude oil prices on April 13, 2017 suggests an attempt to fall below the level of $ 54 per barrel as part of working out a broken trend line on the indicator of relative strength, the cancellation of the option will be a strong increase above the area of $ 58 per barrel.
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