Quotes BRENT crude oil continues moving inside the descending channel, and is currently preserved potential to rebound from the upper boundary in order to reduce the area below 53 dollars per barrel.
BRENT oil price forecast for January 16, 2017
In favor of such an option appears and rebound from the line of resistance values relative strength indicator. We try to sell oil with a close stop.
Cancellation option will increase in quotes above the strong level of 57 dollars per barrel.
BRENT oil price forecast for January 16, 2017 suggests an attempt to rebound from the border of the descending pattern is 1:1, with the potential to reduce the level below the area of $ 53 per barrel.
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