Quotes of oil BRENT showed a continuation of the fall in the framework of the descending forex bearish wave pattern Wolfe. The purpose of the fall is the area of mining and at a level below 47 dollars per barrel.
Forecast BRENT oil price — June 17, 2016
Cancellation option can become a strong growth of quotations and price of oil BRENT above the 52 dollars per barrel. Also it is necessary to consider that in the near future will test the lower boundary of the rising channel, which can also trigger upward correction. In the case of the rapid penetration of this boundary is expected to continue falling BRENT prices.
Forecast BRENT oil price — June 17, 2016 suggests an attempt to continue the decline in oil prices within the mining bearish Wolfe wave model.
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