Quotes BRENT crude oil continues to trade at the level of 52 dollars per barrel. At the moment, preserved potential for a fall of quotations and oil prices to below $ 48 per barrel in the framework of working out a reversal pattern Forex Head and Shoulders. To complete this model, it is important to see the dollar test area 53 a barrel, after which we can expect an attempt to fall.
Oil price forecast BRENT on October 25, 2016
Cancellation option will increase in quotes and strong oil prices above the level of 54 dollars per barrel, which will cancel the FX model.
Oil price forecast BRENT on October 25, 2016 suggests the fall of an attempt within the beginning of working out a reversal forex model’s head and shoulders with the immediate goal of the fall in the level of 48 dollars per barrel, but do not forget about a model bearish wave Wolfe to reduce the lower region 44 dollars per barrel.
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