Quotes BRENT crude oil traded entirely within expectations and our forecast of oil prices. At the moment, there is the potential to continue fall BRENT prices.
Forecast BRENT oil price — June 22, 2016
As you can see, the values of the relative strength indicator test downward trend line that can cause a drop since the current levels. Quotes have not reached the upper border of the channel, and now we cannot talk about the completion of the 5-0 model. Alternatively, we should expect the test the upper boundary of the channel, and only after that the quotes to continue falling and the price of oil Brent. Cancellation option will be a strong growth BRENT above the level of 52 dollars per barrel, which will lead to the cancellation option fall. The purpose of falling oil prices 22 June 2016 the area at a level below 47 dollars per barrel.
Forecast BRENT oil price — June 22, 2016 suggests an attempt to fall from current levels in the rebound from the resistance line on the indicator RSI.
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