Quotes BRENT crude oil continue to move in line with expectations, and at the moment is formed by reversal pattern Forex Head and shoulders, indicating that after the fall of the test area 52 dollars per barrel. Cancellation option will be a strong increase in oil prices higher than $ 55, this option will show the continuation of growth in oil and BRENT cancellation descending pattern head and shoulders.
Oil price forecast BRENT on October 17, 2016
Also, do not forget about the formation of a bearish wave Wolfe with a view to fall below the level of 44 dollars per barrel. Increase the amount of sales only after the breakdown of the neckline and a drop in prices below the level of 52.
Oil price forecast BRENT on October 17, 2016 suggests an attempt to fall within the beginning of working out a reversal forex head and shoulders pattern with the immediate goal of reducing at a level below the area 48 dollars per barrel.
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