Quotes of BRENT crude oil continue to move within a downward trend and at the moment quotes are testing an important support area near the level of $ 50 per barrel, the breakdown of which will be indicated by the continuation of the decline to below $ 47 per barrel.
BRENT Forecast oil prices on March 15, 2017
In favor of continuing the decline is a tight test of the broken trend line on the indicator of relative strength, which also indicates a continuation of the decline from current levels. The abolition of the fall option will be a strong growth and breakdown of the region $ 55 per barrel. Expect to accelerate the fall in oil prices is with the breakdown of the region $ 50 per barrel.
BRENT Forecast oil prices on March 15, 2017 suggests an attempt to fall within the breakdown of the support area and the potential goal of a decline near the region of $ 47 per barrel.
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