Forecast prices BRENT oil on November 1, 2016


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Quotes BRENT crude oil continues to trade lower, and at the moment is preserved for potential drop in prices and oil prices below $ 49 per barrel. Cancellation option will be a strong growth of quotations of oil above the level of 53 dollars per barrel. We continue to hold the sale of oil and are ready to increase the volume of short positions on decreasing development.

Forecast prices BRENT oil on November 1, 2016

Forecast prices BRENT oil on November 1, 2016

Also do not forget about the development of the descending wave pattern Wolfe in order to reduce the area below 43 dollars.

Forecast prices BRENT oil on November 1, 2016 suggests an attempt to test the breached border Forex Triangle patterns and continued decline in the area below the level of 49 dollars per barrel.

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