Forecast for oil prices BRENT on November 21, 2016


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Quotes BRENT crude oil continues to decline and now have the potential to see a tight test of the region of $ 45 per barrel, where it will be the probability of growth of quotations in the region of 49 to complete the formation of the descending pattern Wolfe waves. In the event of a fall and a minimum breakdown field, we can expect continuation of falling of quotations of oil in the area below the level of 40 dollars per barrel.

Forecast for oil prices BRENT on November 21, 2016

Forecast for oil prices BRENT on November 21, 2016

Cancellation option will reduce the strong growth BRENT quotes above the level of $ 50 that will point to a continuation of the correction in the area above the level of 52 dollars per barrel.

Forecast for oil prices BRENT on November 21, 2016 suggests an attempt to US $ 45 in the beginning part of the formation of a bearish pattern Wolfe waves.

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