Quotes BRENT crude oil at the current trading week, continued to move in the lateral trend, and at the moment we should expect a tight test of the upper boundary of the model triangle and only then another attempt to reduce a breakdown field of 54 dollars per barrel and the potential target of the fall below 50.
Forecast BRENT oil prices on February 13, 2017 — February 17, 2017
In favor of a decrease in oil quotations will make a tight test of resistance on the downlink indicator of relative strength.
Cancellation option will be the fall of the strong growth of quotations of oil above the level of 59 dollars per barrel, which will indicate the breakdown of the forex model up and try to continue the growth with a potential target above the level of 65 rubles per dollar.
Among the important news on the next trading week, 13 – 17 February 2017, which could have a strong impact on the price of oil BRENT, stands out, data on stocks of crude oil from the US Department of Energy, 15 February 2017.
Forecast BRENT oil prices on February 13, 2017 — February 17, 2017 suggests an attempt to complete the formation of the forex model Triangle and try to fall to the lower limit on the level of 54 dollars per barrel, with a potential breakdown of the model down and the continuation of the decline to the level of below $ 50 per barrel.
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