Quotes BRENT crude oil ended the trading week at $ 55.84 a barrel. currently on the oil continuing formation of the reversal pattern Forex Head and Shoulders and necks have a breakdown of the line is expected to continue falling prices of oil in the area below the level of 50 dollars per barrel.
Oil price Forecast on January 23, 2017 — January 27, 2017
Cancellation option will reduce oil breakdown field of 57 dollars per barrel price, that will indicate an attempt to continue the growth in the area above the level of 60 and 65 dollars per barrel. The immediate goal of the fall is the area of $ 52, which is an important area of support.
Among the important news that could affect the price of oil, is to provide, data on crude oil inventories from the Energy Department January 25, 2017.
Oil price forecast on January 23, 2017 — January 27, 2017 suggests an attempt to fall within the beginning of working out a reversal forex head and shoulders pattern with a potential to reduce the field at a level below 50 dollars per barrel, the cancellation option will break-down area 57.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
