Quotes of BRENT crude oil continue to trade as part of the growth. At the moment, you should expect a test level of 58 and continue falling into the area below the level of $ 55 per barrel. In favor of falling quotations and prices for oil BRENT will perform a test of a broken trend line on the indicator of relative strength index (RSI).
Brent prediction & technical analysis on October 20, 2017
Expect to accelerate the fall of quotations is with a breakdown level of $ 54 per barrel, which indicates the completion of the formation of the reversal model «Double Top» for the target of working out at $ 50. The abolition of the fall in oil prices will be a strong growth and a breakdown of the level of 59.50 dollars per barrel, which will indicate the continued growth of BRENT above level 62.
Brent prediction & technical analysis on October 20, 2017 suggests an attempt to drop quotations and oil prices with the first goal near the level of $ 55 per barrel, in favor of the decline is the breakdown of the trend line on the indicator of relative strength index (RSI), the abolition of the fall version will be a breakdown at level 59.50 , indicating that the growth of quotations BRENT above level 62 will continue.
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