Quotes BRENT crude oil continues to move in the forex reversal mining model head and shoulders. At the moment the price is testing the area close the upper boundary of the descending pattern quick 1:1 with a view to a potential drop below the level of 52 dollars per barrel.
Forecast oil prices (BRENT) on January 12, 2017
Cancellation option will be the breakdown of the channel, which points to continued growth BRENT quotations to the neckline, is broken.
We try oil sales with the tight stop above the level of 55 dollars per barrel. Is expected to accelerate the fall in oil prices is a breakdown of the area of a local minimum.
Forecast oil prices (BRENT) on January 12, 2017 suggests an attempt to continue falling in the framework of working out a reversal forex head and shoulders pattern with a potential to reduce the field at a level below 52 dollars per barrel.
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