Quotes of BRENT crude oil continue to move within the framework of an upward correction. At this point, we should expect an attempt to test the resistance area at $ 50 per barrel and the beginning of the fall of oil in the area below the level of $ 46.
Brent oil prediction & analysis on July 5, 2017
In favor of falling quotes and oil prices is the resistance line test on the indicator of relative strength. Cancellation of the variant of the fall will be a breakdown of the area 51, which indicates the continued growth in the upper boundary of the bearish channel.
Brent oil prediction & analysis on July 5, 2017 involves an attempt to rebound from the level of resistance and fall in the area below 47 dollars per barrel, the breakdown of the region 51 will be a break, in this case it is necessary to expect the growth of quotations in the area above the level of 52.
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