Quotes of BRENT crude oil continue to move in line with growth. At the moment, we should expect a test of the lower border of the bullish channel at the level of $ 63 per barrel. Where can we expect a rebound and the continued rise in oil prices above the level of 67.
Brent prediction & technical analysis on November 14, 2017
In favor of the growth of quotations and prices for oil BRENT is the test of the resistance support line on the indicator of relative strength index (RSI). Abolition of the variant of oil price growth will be a drop and breakdown of the level of $ 62 per barrel, which will indicate the outflow of quotes out of the rising channel and the continuation of the fall. Expect to accelerate growth is with the breakdown of level 65.
Brent prediction & technical analysis on November 14, 2017 presupposes an attempt to test the lower boundary of the channel, from which one should expect a rebound and an attempt to continue growth with the target above the level of 67, in favor of rising oil prices, an uptrend test will be performed on the indicator of relative strength index (RSI), the cancellation of the variant of the growth of the price of BRENT oil will be a breakdown at level 62, which will indicate the outflow of quotes outside the channel and the continuation of the decline.
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