Quotes of BRENT oil continue to move within the limits of growth and currently test the support area near the level of $ 54 per barrel. There is a potential for a rebound upward in the area above the level of $ 55 per barrel. In favor of growth, the values of the relative strength indicator from the support line on the relative strength indicator rebound.
BRENT oil price Forecast on April 7, 2017
However, strong growth should not be expected near the level of $ 55 per barrel, quotes of oil will meet resistance again.
Abolition of the variant of oil price growth will be a breakdown of the lower border of the rising channel, which will indicate the completion of the growth and the continuation of the decline into the area below the level of 51 dollars per barrel.
BRENT oil price Forecast on April 7, 2017 suggests an attempt to increase to an area above the level of $ 55 per barrel in the rebound from the support area, but it is not expected to expect a strong growth near the level of 55 quotes of the resistance area.
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