Forecast oil prices on January 26, 2017. The Triangle


Quotes BRENT crude oil continues to move through the formation of Forex Triangle patterns. At the moment, there is the potential to continue with a potential breakdown in oil prices lower boundary of the area model and a continuation of the fall to below $ 50 per barrel.

Forecast oil prices on January 26, 2017

BRENT accelerated decline of quotations is expected to breakdown of the trend line on the indicator of relative strength. We try to sell oil with a close stop.

Forecast oil prices on January 26, 2017

Cancellation option will be the fall of quotations and strong growth in the breakdown region 57 dollars per barrel, which points to continued growth in the region above the local maximum level.

Forecast oil prices on January 26, 2017 suggests an attempt to drop a potential breakdown of the lower limit of the field of forex model Triangle, cancellation will be strong growth above the level of 57 dollars.


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