Quotes BRENT crude oil continues to trade outside the lower boundary of the rising channel, and retained the potential for development in the region fall below $ 50 per barrel. Cancellation option will increase in quotes and strong oil prices above the level of 54 dollars per barrel, which will point to the continued growth and development of the upward trend in oil.
Forecast BRENT oil price on October 19, 2016
An additional signal in favor of the fall is the breakdown of the rising trend line on the indicator of relative strength, it also points to the drop since the current levels. We try new oil sales with the tight stop and are ready to build BRENT sales volume as of the fall.
Forecast BRENT oil price on October 19, 2016 suggests an attempt to fall within the framework of working out the broken trend line on the indicator of relative strength.
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