Quotes of BRENT crude oil continue to move in line with expectations and our forecast crude oil prices. Quotes continue falling as part of the development of the reversal model of the «Head and Shoulders». It is worth waiting for an attempt to fall into the area below the level of $ 45 per barrel, where again one should expect a rebound and an increase in oil prices.
Analysis and forecast crude oil prices BRENT on July 10, 2017
In favor of growth, there will be a tight test of the support line on the indicator of relative strength index (RSI). With the breakdown of level 45, it is expected to accelerate the fall in oil prices in the region below the level of $ 42 per barrel. The abolition of the fall option will be a breakdown at level 49, which will indicate the outflow of quotes outside the channel and the continuation of growth.
Analysis and forecast crude oil prices BRENT on July 10, 2017 presupposes an attempt to test the level of $ 45, from which you should expect a rebound, in favor of growth, a test of the support line on the indicator of relative strength index (RSI), with a breakdown of level 45, is expected to accelerate the fall in oil prices.
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