Quotes of BRENT oil continue to move within the downward trend, at the moment quotes are pushing from the upper boundary of the descending channel and there is a potential for continuing the fall in the area below the level of $ 49 per barrel.
BRENT Forecast oil prices on March 21, 2017
In favor of falling quotations and oil prices is the rebound of values of the indicator of relative strength from the descending line of the trend. The abolition of the variant of oil reduction will be the breakdown of the region at $ 53 per barrel, which will indicate the continued growth in the area above the level of $ 55 per barrel. A strong signal in favor of accelerating the fall in quotations will break through the support area of $ 50.50.
BRENT Forecast oil prices on March 21, 2017 suggests an attempt to continue falling oil below $ 49 per barrel as part of the rebound from the upper boundary of the descending channel, the breakdown of the oblast will be a cancellation 53.
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