Quotes BRENT crude oil continues to trade within the forex triangle patterns, indicating uncertainty. We should expect the breakdown of the lower limit of the model and the continuation of the fall in the support area on the lower level area 54.65 dollars per barrel.
BRENT oil price forecast on February 20, 2017
Cancellation option will be a breakdown of the top models of lightning and closing prices of oil above the level of 56.75 dollars per barrel, which will point to the continued growth of quotations and prices for oil in the area above the level of 58 dollars per barrel.
BRENT oil price forecast on February 20, 2017 suggests an attempt to break the lower boundary of the model triangle and continue falling to below the level of 54.65 as part of the beginning of the mining forex model.
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