Forecast BRENT oil price on October 28, 2016


Quotes BRENT crude oil continues to trade outside the Forex Triangle patterns. At the moment, preserved potential to fall BRENT quotations in the area below the level of 49 dollars per barrel in the beginning of working out the framework forex triangle patterns.

Forecast BRENT oil price on October 28, 2016

Forecast BRENT oil price on October 28, 2016

Cancellation option will be a strong growth of quotations and price return above the level of 53 dollars per barrel, which may point to a continuation of the growth of oil. We continue to hold the sale of oil, but in the case of the sale of the correction is closed.

Forecast BRENT oil price on October 28, 2016 suggests an attempt to fall within the beginning of mining forex triangle patterns with the immediate goal at a level below the area of $ 49 per barrel.


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