Quotes of oil BRENT showed a fall and a reluctance to go into practicing forex triangle patterns. At the moment, we can expect an attempt to continue the fall of quotations of oil to the nearest support at 54 dollars per barrel.
BRENT oil price Forecast on February 8, 2017
In favor of a continuation of falling prices of oil, it acts sample support line on the indicator of relative strength. From the breakdown level of 54, is expected to continue falling below the region 50.
Cancellation option will increase in quotes above BRENT level of 57 dollars per barrel.
Among the important news that could affect the price of oil, is to provide, data on stocks of crude oil from the Department of Energy.
BRENT oil price Forecast on February 8, 2017 suggests an attempt to fall to 54 in the framework of working off of a broken trend line on the indicator of relative strength.
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