Quotes BRENT crude oil ended the trading week at $ 49.86 a barrel. At the moment, there is the potential for the formation of reversal pattern Forex failure swing on the indicator of relative strength. Cancellation option of forming such a model and the subsequent drop in oil prices will be a breakdown of the field 51 dollar per barrel, which will point to the continued growth of quotations and oil prices higher than $ 55.
Forecast BRENT oil for the week 29 August, 2016 — 2 September, 2016
The purpose of the fall and testing of model failure swing is the area of $ 48 per barrel. Also, this movement pattern is expected to begin in the fall in oil prices within the mining models 5-0, but with the breakdown of the upper boundary of the channel will open the potential for a serious oil growth.
Forecast BRENT oil for the week 29 August, 2016 — 2 September, 2016 suggests an attempt to complete the formation of reversal pattern failure swing on the indicator of the relative strength and the fall in quotations below BRENT field 48 dollars per barrel.