Quotes BRENT crude oil continues to trade within the descending pattern Wolfe waves in order to develop at his ilk field 44 dollars per barrel. Cancellation option will increase in quotes and strong oil prices above the level of 55 dollars per barrel, which will point to the continued growth of quotations in the area above the level of 60.
Oil price forecast BRENT on October 20, 2016
We continue to hold BRENT tight stop sales, however, should not exclude another attempt to increase quotes 53 dollars per barrel, and only after that is expected to continue falling.
Oil price forecast BRENT on October 20, 2016 suggests an attempt to fall within the beginning of working out a bearish wave Wolfe for the purpose of falling below the area of $ 44 per barrel.
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