Quotes BRENT crude oil continues to trade on the level of resistance, and has the potential to see the beginning of the fall in the framework of working out a broken forex triangle patterns. The purpose of the fall is the area on the level below 49 dollars per barrel.
Forecast prices BRENT crude oil on October 31, 2016
Cancellation option will increase in quotes above the strong level of 53 dollars per barrel, which indicates continued growth an couple. Also do not forget about the downward wave pattern Wolfe with a view to falling prices of oil below 43 dollars per barrel. We continue to hold short positions in oil with a close stop.
Forecast prices BRENT crude oil on October 31, 2016 suggests an attempt to continue falling within the mining model triangle with the immediate goal of the fall to a level below the area of $ 49 per barrel.
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