Quotes of BRENT crude oil continue to move within the downward trend and at the moment there is a potential for falling quotes and oil prices in the area below the level of 49.50 dollars per barrel. In favor of falling quotations BRENT will break through the lower boundary of the model Triangle. It is worth expecting a tight test of the upper bound of the Triangle model and the continuation of the decline.
BRENT Forecast crude oil prices on May 5, 2017
The abolition of the drop in oil quotations will result in a strong growth and breakdown of the region at $ 52.40 per barrel, which will indicate a move beyond the descending channel.
BRENT Forecast crude oil prices on May 5, 2017 involves an attempt to fall below the level of 49.50 dollars per barrel as part of the development of the forex model of the triangle, the cancellation will be a breakdown of the region of 52.40 dollars per barrel.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
