Quotes BRENT crude oil continues to move in the forex model Triangle and at the moment, oil prices are repelled from the upper boundary of the model, indicating a continuation of the decrease in oil quotations in the area below the level of 54 dollars per barrel.
BRENT oil price forecast on February 27, 2017
Even with the breakdown of the lower boundary of the model is expected to continue falling to below $ 50 a barrel. Cancellation option quotes and falling oil prices will be strong growth above the level of 58 dollars per barrel, while oil is trading within a triangle pattern remains uncertain to go beyond it.
BRENT oil price forecast on February 27, 2017 suggests an attempt to fall in the rebound from the top of Forex Triangle patterns in the area below the level of 54 dollars per barrel.
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