Quotes of oil BRENT struck down triangle pattern, indicating a continuation of the drop in oil prices to below $ 42 a barrel within the mining model triangle.
OIL price forecast BRENT on July 12, 2016
Cancellation option will be the fall of quotations strong growth in the price of oil and the penetration level of 51 dollars per barrel. Also, the penetration level of $ 47 may indicate the end of the upward trend and the potential spread of oil from the deep objectives below.
OIL price forecast BRENT on July 12, 2016 assumes a drop in the BRENT oil prices to the level of 42 within the framework of completion of work on the model triangle.
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