Quotes of BRENT crude oil continue to fall and at the moment there is still potential for falling quotations and oil prices in the area below the level of $ 52 per barrel as part of the downward correction of the Forex 1:1 model.
BRENT forecast crude oil prices on April 21, 2017
In favor of falling oil quotations, a tight resistance line test will be performed on the relative strength indicator, as well as a test of the upper boundary of the descending channel. We continue to hold on to oil sales and are ready to try new deals as the decline begins. The cancellation of the variant of falling of quotations BRENT will be a strong growth and breakdown of the region of $ 54.30 per barrel, which will indicate the outflow of quotations beyond the upper border of the channel and the continuation of growth.
BRENT forecast crude oil prices on April 21, 2017 suggests an attempt to continue the decline in the area below the level of $ 52 per barrel as part of the downward correction of the Forex 1:1 model, the breakdown of the region will be $ 54.30 per barrel.
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