Quotes BRENT crude oil continues to move in the completion of the formation of topping models forex head and shoulders with the potential to decrease below the level of 50 dollars per barrel. Cancellation option will be a strong increase in oil quotations above the local maximum level that will point to the abolition of the forex model. Is expected to accelerate the fall is a breakdown of the neck line.
BRENT oil price forecast on December 23, 2016
We continue to hold the oil and building up short positions on decreasing.
BRENT oil price forecast on December 23, 2016 involves an attempt to fall within the framework of the continuation of mining reversal forex model head and shoulders in order to reduce the area below the $ 50 per barrel, the cancellation will be a strong growth area and the breakdown of local maximum.
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