Quotes BRENT crude oil continues to move in the triangle model, and is currently retained potential for a tight test the upper boundary of the model and to continue falling to below 55.
With the breakdown of the lower boundary of the model is expected to attempt to continue the falling prices of oil in an area below the level of 50 dollars per barrel.
BRENT oil price forecast on February 2, 2017
In favor of the version of the fall of dense stands the test downward trend line on the indicator of relative strength.
Cancellation option will increase in quotes above the strong level of 57 dollars per barrel, which will point to the continued growth of quotations of oil above the local maximum level.
BRENT oil price forecast on February 2, 2017 suggests an attempt to rebound from the top of the model with a potential target of the fall in the level of 50 dollars per barrel, the cancellation will be the breakdown of the upper boundary of the triangle.
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