Forecast BRENT oil prices — June 7, 2016


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Quotes BRENT crude oil continue to test the area of a local maximum at the level of 50 dollars per barrel. At the moment there is a potential for a fall start mining within forex pivot head and shoulders pattern.

Forecast BRENT oil prices — June 7, 2016

Forecast BRENT oil prices — June 7, 2016

The purpose of the fall is the area below the level of 45 dollars per barrel Cancellation option quotations falling and oil prices will increase in quotes above the Brent 52 dollars per barrel. We continue to hold the sale of oil from a close stop. An additional signal testing the upper boundary of the descending channel on the daily chart BRENT oil.

Forecast BRENT oil prices — June 7, 2016 assumes a drop in prices and oil prices within the mining reversal forex head and shoulders pattern with a potential target for an below $ 45 per barrel.


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