Quotes BRENT crude oil continue to test his right shoulder reversal pattern foerks head and shoulders. To date, saved the potential for rebound attempt quotes Brent crude oil in the area above the level of $ 46 per barrel.
Forecast of oil BRENT on 8 August — 12 August, 2016
Cancellation option will increase this fall BRENT quotations below $ 40 per barrel, which will cancel the reversal pattern and point to a continuation of falling of quotations and oil prices to below $ 35 per barrel. An additional signal in favor of the increase in oil prices would be tomorrow the formation of topping signals the failure swing on the indicator of relative strength.
Forecast of oil BRENT on 8 August — 12 August, 2016 assumes the completion of the formation of the right shoulder and the beginning of the growth model BRENT quotations in the area above the level of 46 dollars per barrel.
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