BRENT oil price Forecast on February 17, 2017


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 57 dollars a barrel, should be expected from an attempt to drop to below $ 55 per barrel.

BRENT oil price Forecast on February 17, 2017

In favor of quotations and fall in oil prices will make a tight test of resistance on the downlink indicator of relative strength. With the breakdown of the support and the closing quotations of the area below 54 dollars a barrel, should be expected to accelerate the fall below $ 53 per barrel.

BRENT oil price Forecast on February 17, 2017

BRENT oil price Forecast on February 17, 2017 suggests a tight test resistance area and the beginning of fall in the area of support at the level of 54 dollars per barrel, in the event of breakdown of the level of 57 dollars per barrel, we can expect continued growth of quotations and prices for oil in the region above the level of 60 dollars per barrel.


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