Quotes of BRENT oil continue to move within the framework of the bearish wave model of Wolfe. The target of the fall is the area below level 44.
BRENT technical analysis & forecast on July 27, 2017
In favor of falling quotations and oil prices is the test of the resistance area on the indicator of relative strength index (RSI). The cancellation of the fall option will be a strong growth and breakdown of level 52, which will indicate the continued growth in oil quotations.
BRENT technical analysis & forecast on July 27, 2017 involves an attempt to fall into the area below the level 48 as part of the start of the development of the bearish wave model of Wolfe, the cancellation will break through the level of 52.
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