Quotes of BRENT crude oil continue to move within the upward trend, but at the moment the relative strength indicator values have broken through the trend line, which indicates the probable completion of the oil price rise and the beginning of the fall into the area below the level of $ 54 per barrel.
BRENT forecast crude oil prices on April 14, 2017
In favor of the fall will form a reversal Forex Head and Shoulder models on the indicator of relative strength. Canceling the option of lower quotations and oil prices will be strong growth and breakdown of the local maximum area.
BRENT forecast crude oil prices on April 14, 2017 suggests an attempt to fall below the level of $ 54 per barrel as part of the rebound from a broken trend line on the indicator of relative strength.
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