Quotes BRENT crude oil continues to trade within a lateral movement and is currently retained potential for a tight test the resistance level near the region of US $ 57.50 per barrel, from which we can expect the beginning of falling of quotations of oil in the area below the level of 54 dollars per barrel.
BRENT oil price forecast on February 16, 2017
In favor of quotations and fall in oil prices will make a tight test of resistance on the downlink indicator of relative strength.
Cancellation option will reduce oil breakdown area $ 58 closing prices, that will indicate the quotes out of the lateral movement and the continued growth of oil in the area above the level of 60 dollars per barrel.
BRENT oil price forecast on February 16, 2017 suggests an attempt to test the resistance level near the region of US $ 57.50 per barrel and began to fall in the descending trend line test on the indicator of relative strength.
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