Forecast BRENT oil price on October 31, 2016 — November 4, 2016


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Quotes BRENT crude oil finished the trading week of 50.67 dollars per barrel. At the moment, preserved potential for a fall in quotations within the breakdown of the trend line on the indicator of relative strength, as well as in the beginning of the mining triangle forex pattern on the indicator of relative strength.

Forecast BRENT oil price on October 31, 2016 — November 4, 2016

Forecast BRENT oil price on October 31, 2016 — November 4, 2016

We continue to hold the sale of oil and increase the amount of short positions on crude oil, the cancellation option will BRENT strong growth of quotations above the local maximum level that points to the continued development of an upward trend.

Forecast BRENT oil price on October 31, 2016 — November 4, 2016 suggests an attempt to fall within the beginning of mining models Triangle to display the relative strength of the potential target of the fall in the level below the area of $ 45 per barrel.

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