Forecast BRENT oil price on November 18, 2016


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Quotes BRENT crude oil continues to trade at $ 47.41 a barrel. At the moment, there is no clear signal in favor of sales, is an attempt to wait growth of quotations of oil in the area set out above the level of 48 dollars per barrel, where he will test the descending trend line on the indicator of relative strength.

Forecast BRENT oil price on November 18, 2016

Forecast BRENT oil price on November 18, 2016

Cancellation option quotes to continue falling and the price of oil will continue to grow above the level of 50 dollars per barrel, which will point to a continuation of the correction. The purpose of the fall is the area at the level of below $ 45 per barrel.

Forecast BRENT oil price on November 18, 2016 suggests a test area of 48 dollars per barrel and try to continue falling BRENT prices.

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