Quotes of BRENT oil have broken through the lower limit of the Forex Triangle model and are currently testing the resistance area and have the potential to continue falling below the level of $ 50 per barrel. In favor of the option of continuing the decline in oil prices is a test of a broken trend line on the indicator of relative strength.
BRENT Forecast oil prices on March 10, 2017
Abolition of the variant of falling quotations and oil prices could be a strong growth and breakdown of the region 54 dollars per barrel. Expect to accelerate the fall of quotations is with the breakdown of the area $ 50 per barrel, the next drop target will be the area below the level of $ 40 per barrel, as part of the development of the Forex model Expanding the formation.
BRENT Forecast oil prices on March 10, 2017 suggests an attempt to continue falling into the area below the level of $ 50 per barrel as part of the rebound from the resistance line on the indicator of relative strength.
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