Quotes of BRENT crude oil continue to move within the framework of the upward correction, but at the moment prices are testing the area of the upper boundary of the descending channel. It is worth waiting for an attempt to rebound and develop a decline in the area below the level of 52 rubles per US dollar. In favor of the decrease is the test of the resistance region on the indicator of relative strength. The abolition of the fall in oil prices will be a strong growth and breakdown of the region of $ 54 per barrel, which will indicate the outflow of quotes beyond the descending channel and the continuation of growth in the area above the level of $ 55.
BRENT Forecast oil prices on April 4, 2017
Near the region of 52 dollars, oil quotes will meet again, which indicates a potential rebound and continued growth, indicating the continuation of the decline is only with the breakdown of the upward trend line on the indicator of relative strength. BRENT Forecast oil prices on April 4, 2017 suggests a rebound from the upper boundary of the descending channel and a fall in the region of $ 52 per barrel.
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