Quotes BRENT crude oil trying to grow within 5-0 working out bovine model in order to increase above the local maximum level.
BRENT oil price forecast 01.06.2016
Cancellation option of the upward movement of oil will drop in prices and the level of penetration of the lower boundary of the channel. In this case, we can expect the fall of quotations and BRENT oil prices to below $ 47 per barrel. We try to keep the oil sales, and are ready to increase the amount of short positions after the price breaks the level of 49.70 dollars per barrel. BRENT oil price forecast 01.06.2016 suggests an attempt to increase within 5-0 working out bovine model with a view above the local maximum level.
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