Quotes of BRENT crude oil continue to move within the framework of the bullish correction and at the moment the quotations have reached the upper limit of the bearish channel. At this time, we should expect an attempt to rebound and fall in Brent crude oil prices in the region below the level of $ 51 per barrel.
BRENT OIL forecast & technical analysis May 23, 2017
In favor of the drop is the resistance area test on the indicator to relative strength index (RSI). Abolition of the falling quotations and Brent crude oil prices will be a strong growth and breakdown of the region $ 55 per barrel, which will indicate the continuation of oil growth.
BRENT OIL forecast & technical analysis May 23, 2017 involves an attempt to rebound from the upper boundary of the bearish channel to fall at the level of $ 51 per barrel, an additional test is the resistance test on the relative strength index (RSI) indicator, the breakdown of the region will be $ 55 per barrel.
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