Quotes BRENT crude oil continues to move outside the triangle forex pattern. The breakdown of the upper limit of the model indicates an attempt to continue the growth in oil prices to a local maximum, but to continue to grow it is important to see a break through the resistance of the downlink on the indicator of relative strength.
Forecast for oil prices (BRENT) on February 7, 2017
So far, this has not happened, there is a drop in oil prices and the return of the risks of quotations into forex triangle patterns. In this case, we can expect an attempt to break the fall and field 54 dollars per barrel.
Forecast for oil prices (BRENT) on February 7, 2017 suggests an attempt to test the breached border triangle model, and rebound to above the level of 57.50, but the drop in prices below the level of 56 points to the continued decline in oil prices to below 54.
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