Quotes of BRENT oil finished the trading week at 52.28 dollars per barrel and could show a serious drop from the local maximum level. At the moment, there is a potential for continuing the decline in the region of the lower border of the rising channel near the region of $ 48 per barrel.
Brent Forecast crude oil for the week April 24 — 28, 2017
In favor of the fall of BRENT is a rebound from the resistance line on the indicator of relative strength. The abolition of the option of lowering quotations and oil prices will be a strong growth and breakdown of the region $ 58 per barrel, which will indicate the continued growth in oil quotations. With the breakdown of the lower boundary of the rising channel, it is expected to accelerate the fall of quotations in the area below the level of $ 45 per barrel.
Among the important news that could affect oil prices, it is worth highlighting, Data on crude oil reserves from the US Department of Energy on April 26, 2017.
Brent Forecast crude oil for the week April 24 — 28, 2017 suggests an attempt to continue the decline to the region near the border near the region of $ 48 per barrel, with the breakdown of this region, it is expected to accelerate the fall in oil prices below $ 45 per barrel.
