Quotes BRENT crude oil continues to trade in line with expectations and currently once again able to break through the lower region of the border triangle model. In such a situation is expected to continue BRENT prices fall to below the level of 44 dollars per barrel.
OIL price forecast BRENT on July 15, 2016
Cancellation option could be a strong increase in oil prices above the level of 52 dollars per barrel, which will point to a continuation of the uptrend. At the moment, we can expect an attempt to test resistance area at 47.50 above, where is expected to continue falling.
OIL price forecast BRENT on July 15, 2016 assumes a reduction in the BRENT oil prices within the mining model triangle with a potential target at a level below the region 44.
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