BRENT Oil price forecast on December 15, 2016


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Quotes of oil BRENT brand showed a decrease in the publication of data on crude oil inventories from the US Energy Department, which showed a decrease.

BRENT Oil price forecast on December 15, 2016

BRENT Oil price forecast on December 15, 2016

At the moment, oil tight testing the support area, where we can expect growth in an attempt to above the level of 56 dollars per barrel and continued reduction in the framework of the continuation of mining model Expanding formation with a potential target of the fall below the level of 44 dollars per barrel. The values of the relative strength indicator is also testing the support line, which is expected to accelerate the breakdown of the fall with the immediate goal of the fall in the level of 52 dollars per barrel. Cancellation option will increase in quotes and strong oil prices above the level of 58 dollars per barrel.

BRENT Oil price forecast on December 15, 2016 suggests an attempt to fall within the framework of a possible breakdown of the trend line on the indicator of relative strength.


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