Quotes BRENT crude oil continue to test the area at $ 47 per barrel. At the beginning of the next trading week of July 18, 2016 — July 22, 2016, we expect an attempt to fall in oil prices in the framework of the completion of the uptrend.
Forecast BRENT oil for the week July 18, 2016 — July 22, 2016
As you can see, the trend line is broken, and for completion of the current trends it is important to see a breakdown of the level of $ 46 per barrel, which will point to a continuation of the general downward trend in oil. Additional forex signal for the continuation of the fall is the break of the trend line and to display relative strength, which also involves the decline in oil prices BRENT. Cancellation option can become a strong growth of oil quotes and break through the closing level of $ 52 per barrel price, in this case, is expected to continue growing.
Forecast BRENT oil for the week July 18, 2016 — July 22, 2016 suggests an attempt to fall within the framework of the beginning of a downward trend in the graph BRENT oil.
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