Quotes BRENT crude oil after a good test area showed a decrease in the local maximum. at the moment there is a potential for a tight test area 57 dollars per barrel and began to fall to the nearest support at the level of 53 dollars per barrel.
BRENT forecast oil prices on January 5, 2017
In favor of a decline in oil prices will make the breakdown area of support on the indicator of relative strength. Cancellation option can become a strong growth of quotations of oil above the level of 59 dollars per barrel with closing prices above this level.
With the breakdown of the area of support at the level of 53 dollars per barrel is expected to continue to decline below the level of 49 dollars. Among the important news that could affect the price of oil tomorrow, January 5, 2017 stands out, data on crude oil inventories from the Energy Department.
BRENT forecast oil prices on January 5, 2017 suggests an attempt to fall in the area of support at the level of 53 in the rebound from a broken border of the rising channel.
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