Quotes of BRENT oil continue to move within the framework of the bearish Wolfe wave model. It is worth waiting for an attempt to increase in the area of 49.50 and further continue the decline in the area below the level of $ 45 per barrel.
BRENT oil technical analysis & forecast on July 26, 2017
In favor of falling quotations and oil prices will perform a tight test of the trend line on the indicator of relative strength. Abolition of the variant of falling oil prices will be a breakdown of level 52, which indicates the continued growth.
BRENT oil technical analysis & forecast on July 26, 2017 involves an attempt to fall below the level of $ 45 per barrel as part of the start-up of the bearish wave model of Wolfe, the cancellation will break through the level of 52.
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