Quotes BRENT crude oil continues to move in the downward forex model 1:1 with a view to a potential fall in the level area below 54 dollars per barrel. In favor of the version of the fall is the formation of reversal pattern Forex Head and Shoulders.
BRENT oil price forecast on January 17, 2017
Is expected to accelerate the fall of oil quotations is a breakdown of the area of $ 55.30 a barrel. We are trying to sell their oil, the tight stop and are ready to increase the amount of short positions to the breakdown level of the neckline.
Cancellation option quotes and fall in oil prices is a breakdown field of 57 dollars per barrel, which will point to the continued growth of quotations of oil willows area above the level of 58 dollars per barrel.
BRENT oil price forecast on January 17, 2017 suggests an attempt to fall below $ 53 per barrel in the framework of the descending forex 1:1 model.
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