Quotes of BRENT crude oil continue to be traded within the bullish momentum. At this point, we should expect a rebound from the upper limit of the bullish channel to the support area at the level of 55.85 dollars per barrel.
Brent prediction & technical analysis on September 26, 2017
Where again we should expect a rebound and an increase in oil prices above the level of $ 59 per barrel. In favor of the growth of quotations and prices for oil BRENT will perform a test of the support line on the indicator of relative strength index (RSI). To expect the acceleration of the fall is a breakdown of level 55. The cancellation of the fall in oil prices will be a strong growth and breakdown of the region $ 58 per barrel, indicating that the growth continues above the level of 60.
Brent prediction & technical analysis on September 26, 2017 suggests an attempt to fall to the lower boundary of the bullish channel at 55.85, where again we should expect a rebound and a rise in oil prices, in favor of oil growth, a test of the support line on the indicator of relative strength index (RSI), the cancellation of the growth option will be a fall and breakdown of the level of $ 55 per barrel, which will indicate the continued decline in oil BRENT.
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