Quotes of BRENT crude oil continue to move in a bearish trend. It is worth waiting for an attempt to test the upper border of the channel and continue falling into the area below the level of $ 45 per barrel. In favor of falling quotations and oil prices will come a tight test of the resistance line on the indicator of relative strength index (RSI).
BRENT oil technical analysis & signals on June 21, 2017
Expect to accelerate the fall in oil prices is with the breakdown of the support area on the indicator of relative strength. Cancellation of the fall option will be a breakdown of the region of 48.50 dollars per barrel, which will indicate the continued growth of quotations BRENT. Tomorrow is expected to publish data on crude oil reserves, in the event of an increase in reserves it is expected to continue the decline in oil prices.
BRENT oil technical analysis & signals on June 21, 2017 suggests an attempt to continue the decline in the area below the level of $ 45 per barrel within the rebound from the upper boundary of the descending channel, the breakdown of the region will be 48.50.
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