Quotes BRENT crude oil continues to move in the completion of the formation of topping model Forex Head and Shoulders, expected acceleration of the fall in oil price quotations is a breakdown field of 53 dollars per barrel.
BRENT Forecast prices for oil on January 19, 2017
Cancellation option will be a strong growth of quotations of oil above the level of the right shoulder with closing quotations above the level of 58 dollars per barrel. In favor of a continued drop in oil prices appears brand BRENT rebound from the downtrend line on the indicator of relative strength.
Among the important news that could affect the price of oil, is to provide, data on stocks of crude oil from the Department of Energy.
BRENT Forecast prices for oil on January 19, 2017 suggests an attempt to continue the falling prices of oil in the framework of start mining reversal forex head and shoulders pattern with a potential to reduce the field at a level below 50 dollars per barrel.
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