Quotes of BRENT crude oil continue to move within the descending channel and at the moment there is still potential for continuing falling quotations and oil prices in the region below the level of $ 50 per barrel. In favor of the fall is a tight test of the descending line of resistance on the indicator of relative strength.
BRENT forecast crude oil prices on May 3, 2017
The cancellation of the fall option will be the breakdown of the region at $ 53 per barrel, which will indicate the continued growth in oil prices. Expect the acceleration of the drop in quotations BRENT stands with the breakdown of the rising support line on the indicator RSI.
BRENT forecast crude oil prices on May 3, 2017 suggests an attempt to fall below $ 50 per barrel as part of the rebound from the downward trend line on the indicator of relative strength, the breakdown of the region will be 53 dollars per barrel.
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