Quotes BRENT crude oil continues to move in the lateral trend and at the moment we should expect a tight test resistance area and the beginning of fall. In favor of the fall of the push test downward trend line on the indicator of relative strength.
BRENT oil price forecast on March 1, 2017
Also on the chart of oil formed forex model Triangle, the breakdown of which indicate n drop down to below the level of 55 dollars per barrel.
Cancellation option quotes and falling oil prices will sample the upper limit of the model triangle that points to the potential increase in the area above the level of 60 dollars per barrel. Among the important news that could affect the course is to provide oil, data on stocks of crude oil from the US Department of Energy.
BRENT oil price forecast on March 1, 2017 assumes the test the upper boundary of the model triangle and the beginning of fall in the rebound from the resistance line on the indicator of the relative strength of the first goal of the fall at $ 55.80 per barrel.
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