Quotes BRENT crude oil continues to move in the forex model Triangle and at the moment there is a potential for a tight test the upper boundary of the model triangle. Location is already expected to fall again within the dense test downward trend line on the indicator of relative strength.
BRENT oil price forecast on January 25, 2017
The immediate goal of the fall is the area of the lower boundary of the model triangle at the level of 53.70. Break down Forex Triangle patterns provoke a continuation of the fall to below $ 50 per barrel.
Cancellation option will be a strong increase in oil quotations brand BRENT above the level of 57 dollars per barrel, which will point to the continued growth of quotations.
BRENT oil price forecast on January 25, 2017 assumes the test the upper boundary of the model triangle and the drop in the rebound from the downward trend line on the indicator of relative strength.
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