Quotes BRENT crude oil continue to test the area of a local maximum, but at the moment is stored potential to drop even though yesterday’s attempt to rising oil prices. In favor of the fall is the formation of the model failure swing in the relative strength indicator, which points to a drop in prices to below $ 52 a barrel, as well as test the upper limit of the bearish Wolfe wave model.
Forecast BRENT oil prices October 12, 2016
Target of the Wolfe wave is the area below the level of 44 dollars per barrel. Cancellation option could be a strong increase in oil above the level of 55 dollars per barrel.
Forecast BRENT oil prices October 12, 2016 suggests a new attempt to fall within the mining forex reversal patterns failure swing on the display relative strength in order to reduce the area below $ 52.
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