Quotes BRENT crude oil continues to trade in line with expectations and at the moment has the potential to continue fall within the beginning of the mining and reversal forex head and shoulders pattern. As you can see, in the case of growth of quotations of oil to 51.50 is expected to complete the formation of reversal pattern and start BRENT falling prices. The immediate goal of the fall is the area on the level below 48 dollars per barrel.
Oil price forecast BRENT on October 14, 2016
Cancellation option will be a strong growth of quotations and sample the area above the level of 55 dollars per barrel, which will point to the continued rise in oil prices. Also do not forget about the waves of the descending Wolf with the potential to reduce the area below 41 dollars per barrel.
Oil price forecast BRENT on October 14, 2016 suggests an attempt to increase within the framework of the completion of the right shoulder head and shoulders pattern and start working off fall within this model.
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