Quotes BRENT crude oil finished the trading week correction at $ 47.64 per barrel. At the moment, oil prices broke through the uptrend line forex reversal patterns Dragon, indicating the potential continuation of the decrease in prices of oil in the area below.
Forecast BRENT oil price on November 21, 2016 — November 25, 2016
But do not rule out an attempt upward correction for a tight test a broken trend line and only after that to continue fall. In favor of reducing the resistance will also perform downlink test indicator of relative strength. The immediate goal of the fall is the area of oil quotations at the level of 41 dollars per barrel. The breakdown of the area of support will provoke continued decline to below $ 35 per barrel. Cancellation option can become a strong growth of quotations above the local maximum level.
Forecast BRENT oil price on November 21, 2016 — November 25, 2016 suggests an attempt to continue falling in the framework of the beginning of working out a reversal pattern Dragon in order to reduce the level of $ 41 per barrel.