Quotes of oil BRENT showed a fall and could fall below $ 50 per barrel. At the moment, oil prices are testing the uptrend line, is expected to attempt to bounce up and only then break through the line and the continued development of the downward friction BRENT oil.
Forecast BRENT for the week June 20, 2016 — June 24, 2016
Cancellation option will be a drop in prices and a strong increase in local high-level update. An additional signal in favor BRENT falling of quotations will test the breached border triangle pattern on the indicator of relative strength. The purpose of falling oil prices on the next trading week may be a region at the level of below $ 44 per barrel.
Forecast BRENT for the week June 20, 2016 — June 24, 2016 suggests a rebound in the region at $ 51 due to the trend line test, and the continuation of the downward movement to the level of 44.
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