Quotes BRENT crude oil continues to move sideways and currently quotes are very close to the upper boundary, where we should expect a rebound attempt and downs. In favor of the falling prices of oil appears tight test resistance area on the indicator of relative strength.
BRENT oil price forecast on February 28, 2017
Cancellation option quotes and falling oil prices will be strong growth above the level of 58 dollars per barrel, which will point to the continued development of the upward trend in oil in order to increase the field above $ 65 per barrel.
In case of breakdown of the lower limit and the region of $ 55 per barrel, is expected to continue with a view to reducing the area below $ 50 per barrel.
BRENT oil price forecast on February 28, 2017 suggests an attempt to rebound from the resistance area and fall to the level of 55.50 dollars per barrel, the cancellation option will sample a local maximum.
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