Quotes BRENT crude oil continue to move in line with expectations and at the moment the price of oil traded below a triangle pattern borders, which implies continued drop in oil prices BRENT brand in the area below the level of 43 dollars per barrel within the mining graphic FX models.
Oil price forecast BRENT on July 13, 2016
Cancellation option on Brent oil price fall will be strong BRENT quotations growth higher than 52 dollars per barrel. However, such an option, we believe it unlikely.
Oil price forecast BRENT on July 13, 2016 assumes a continuation of falling of quotations of oil within the mining triangle model to reduce below 43 dollars.
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