Quotes BRENT crude oil continues to move in the formation of reversal pattern Forex Head and Shoulders. Expect accelerating drop in prices and the price of oil is a breakdown of the neckline that point to the end of the model and the beginning of fall to below $ 50 per barrel.
BRENT forecast for oil prices on January 24, 2017
Cancellation option quotes and falling oil prices will sample the region of $ 57.50 per barrel, which will indicate an attempt to grow and test the local maximum region.
BRENT forecast for oil prices on January 24, 2017 suggests an attempt to fall within the beginning of working out a reversal forex model’s head and shoulders with the potential to reduce the level below the area of $ 50 per barrel, the cancellation will be the breakdown of the area forming the right shoulder of the model that will indicate continued growth.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
