Brent prediction & technical analysis on October 13, 2017


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Quotes of BRENT crude oil continue to be traded within the rising channel. At the moment, we should expect a test of the level of 55.60 and the continuation of growth in the area above the level of $ 58 per barrel. In favor of the growth of quotations and oil prices BRENT will test the upward trend line on the indicator of relative strength index (RSI), as well as the formation of the reversal model of the «Head and Shoulders».

Brent prediction & technical analysis on October 13, 2017

Expect to accelerate the growth of quotations is with a breakdown level of $ 57 per barrel. Abolition of the variant of oil price growth will be a fall and a breakdown of the level of 54.50 dollars per barrel, which will indicate the continuation of the decrease of BRENT below the level of 53.

Brent prediction & technical analysis on October 13, 2017

Brent prediction & technical analysis on October 13, 2017 presupposes an attempt to test the level of 55.60 and the continuation of oil growth in the region above the level of $ 58 per barrel, in favor of rising oil prices, an upward trend test will be performed on the indicator of relative strength index (RSI), of oil will breakdown at level 54.50.

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