Quotes BRENT crude oil firmly tested the region of formation of the right shoulder reversal pattern Forex Head and Shoulders. At the moment, there is the potential to see the beginning of the rise in oil prices in September 2016.
Forecast for oil prices BRENT in September 2016
The immediate goal of growth in oil prices is the area at a level above $ 55 per barrel since the breaks, which is expected to continue growth and full testing of forex inverted head and shoulders pattern. Cancellation option BRENT oil brand in September 2016, the rise in prices will drop in prices below $ 35 per barrel, which will point to a continuation of the downtrend with a potential upgrade the level of the local maximum in the near future.
Forecast for oil prices BRENT in September 2016 suggests an attempt to continue the growth of oil prices in the beginning of working out the framework forex reversal patterns, however, a drop in prices below $ 35 per barrel will point to a continuation of the downward trend in oil.