Quotes of BRENT crude oil finish the trading week with a fall near the level of $ 51.81 per barrel. Oil continues to move within the descending channel and it is worth waiting for an attempt to continue falling prices for the next trading week with a target below the region of $ 45 per barrel.
BRENT oil forecast on May 29, 2017 — June 2, 2017
In favor of continuing the decline in quotations BRENT is a rebound from the descending line of the trend on the indicator of relative strength. The abolition of the continuation of the fall will be a breakdown of the region of $ 55 per barrel, which will indicate the outflow of quotations beyond the upper boundary of the descending channel and the continued rise in prices. Expect to accelerate the fall is with the breakdown of the area $ 51 per barrel.
BRENT oil forecast on May 29, 2017 — June 2, 2017 suggests an attempt to continue falling quotations in the area below the level of $ 45 per barrel, as part of the development of a 1:1 model, the cancellation will be the strong growth and breakdown of the region will be $ 55 per barrel.
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