Quotes of BRENT crude oil continue to be traded within the bullish momentum. At this point, we should expect a rebound and a drop in oil prices in the area below the level of 53. In favor of falling quotations and prices for oil BRENT is the downward resistance line test on the indicator of relative strength index (RSI).
Brent prediction & technical analysis on September 22, 2017
To expect the acceleration of the fall is with the breakdown of the level of 54.70. The cancellation of the fall in oil prices will be a strong growth and breakdown of the region $ 57 per barrel, indicating that the growth continues above the level of 60. An additional signal in favor of falling quotes and oil prices will breakdown of the upward support line on the indicator of relative strength index (RSI).
Brent prediction & technical analysis on September 22, 2017 suggests an attempt to drop BRENT with a target near level 53, an additional signal in favor of oil decline will be a test of the resistance line on the indicator of relative strength index (RSI), the cancellation of the fall version will be a strong increase above the level of $ 57 per barrel , which will indicate the continued growth of BRENT oil.
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