Quotes BRENT crude oil traded near the upper boundary of the field of forex model Triangle and at the moment there is a potential for a rebound of quotations from the resistance area and began to fall to the lower boundary of the model with the potential breakdown of her.
BRENT oil price forecast on February 1, 2017
The immediate goal of the fall is the area on the level below 54 dollars per barrel. Cancellation option can become a strong growth of quotations of oil above the level of $ 67 per barrel, which will point to a continuation of the dew of oil prices.
Among the important news that could affect the price of oil stands out, data on crude oil inventories from the US Energy Department.
BRENT oil price forecast on February 1, 2017 suggests an attempt to drop and the breakdown of the lower limit of the model triangle with the immediate goal of the fall to a level below the area of $ 54 per barrel.
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