Quotes BRENT crude oil continues to trade within the ascending channel. At the moment, the value of the relative strength indicator testing punched trend line, indicating the potential drop in prices of oil in the area below the level of 50 dollars per barrel.
Forecast BRENT oil price on October 18, 2016
Unfortunately forex head and shoulders pattern in the case of oil rises above level 53 will be canceled, and the quotes came close to abolishing this model.
Forecast BRENT oil price on October 18, 2016 suggests an attempt to fall within the framework of working out the rebound from the resistance area on the display of relative force to fall to a level below the area of $ 50 per barrel.
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