Quotes of BRENT oil continue to move within the upward trend and currently test the area at $ 56 per barrel. It is worth waiting for an attempt to fall as part of the start of the development of the head and shoulders reversal model with the aim of reducing below $ 54 per barrel.
BRENT forecast of oil prices on April 17, 2017
In favor of the fall is the breakdown of the ascending trend line on the indicator of relative strength, as well as the exit of quotations beyond the lower boundary of the rising channel. Abolition of the variant of falling quotations and oil prices will become strong growth and breakdown of the local maximum area.
BRENT forecast of oil prices on April 17, 2017 suggests an attempt to fall below the level of $ 54 per barrel as part of the start of the development of the reversal Forex Head and Shoulders models, a breakdown of the level of $ 57 per barrel, which will indicate the continued growth of quotes and Prices for oil.
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