Quotes of BRENT oil continue to move within the descending channel, at the moment the resistance area test was conducted near the level of $ 53 per barrel. It is worth waiting for an attempt to rebound from the upper limit of the descending channel and the beginning of the decline in the area below the level of 51 dollars per barrel.
BRENT Forecast oil price on March 31, 2017
In favor of the drop is the resistance area test on the relative strength indicator. The cancellation of the variant of falling quotations and oil prices will be a strong growth and breakdown of the region of $ 54 per barrel, which will indicate the outflow of quotations beyond the upper boundary of the descending channel and the continuation of growth.
BRENT Forecast oil price on March 31, 2017 involves an attempt to tightly test the upper boundary of the channel and continue the decline in the area below the level of 51 dollars per barrel.
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