Quotes BRENT crude oil continues to move within the framework of working out in a reversal pattern Forex Head and shoulders, however, oil prices have gone into quite a serious correction.
At the moment, there is potential for a rebound in the descending trend line test on the indicator of relative strength, in favor of a rebound dense stands the test the upper limit of the downward channel.
BRENT oil price forecast on January 13, 2017
Cancellation option will be a breakdown of the level of formation of the right shoulder and closing quotes above the level of 58 dollars per barrel.
The purpose of the fall is the area at the level of 53 dollars per barrel, the breakdown of which points to the continued decline in the area below the level of 50 dollars.
BRENT oil price forecast on January 13, 2017 suggests an attempt to rebound and fall to below $ 53 per barrel.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link