BRENT oil price forecast on November 23, 2016


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Quotes BRENT crude oil continue to develop upward correction and at the moment there is a tight test of the descending resistance line on the indicator of relative strength. With the current levels is expected to try to drop in prices and oil prices to below $ 46 per barrel. We try to sell oil with a close stop.

BRENT oil price forecast on November 23, 2016

BRENT oil price forecast on November 23, 2016

Cancellation option will be a strong growth area and the breakdown of $ 51 per barrel, which will point to a continuation of the upward movement in order to rise above the level of $ 53 per barrel.

BRENT oil price forecast on November 23, 2016 suggests an attempt to fall in the rebound from the resistance line on the indicator of relative strength with the potential to reduce the level below the area of $ 46 per barrel.

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