Quotes of BRENT crude oil continue to move near the area of 51.41 dollars per barrel. At the moment, quotes have left the limits of the rising channel and there is a potential for continuing the fall in the area below the level of 50 dollars per barrel.
BRENT prediction crude oil prices on May 19, 2017
An additional signal in favor of lower oil prices is the rebound of the values of the relative strength index (RSI) indicator from the resistance area. Cancellation of the falling quotations and Brent oil prices will break through the area of 52.50 dollars per barrel, in this case, we should expect the continuation of the growth of quotations BRENT.
BRENT prediction crude oil prices on May 19, 2017 suggests an attempt to fall below $ 50 per barrel as part of the development of the reversal forex pattern “Double Top”, the cancellation will be breakdown 52.50 dollars, which will indicate continued growth.
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