Quotes BRENT crude oil finished the trading week in the framework at the level close to the important level of 57 dollars per barrel correction. At the moment, preserved potential for a fall in quotations within the mining forex model extends formation for the purpose of falling below the area of $ 45 per barrel.
Oil price forecast on January 9, 2017 — January 13, 2017
In favor of the version of the fall of quotations and prices for oil brand BRENT dense stands the test downward trend line on the indicator of relative strength, as well as the formation of reversal pattern Forex failure swing.
Cancellation option to lower oil prices will be a strong growth area and the breakdown of $ 60 per barrel, which will point to the continued growth and tight test the area of $ 65. Accelerated decline should be expected to support the field of breakdown at the level of 53.80 dollars per barrel. Among the important news that could affect the price of oil, is to provide data on crude oil stockpiles January 11, 2107.
Oil price forecast on January 9, 2017 — January 13, 2017 suggests an attempt to fall within the mining model extends forex formation with a potential target of the fall to a level below the area of $ 45, will be the abolition of the sample area of $ 60.
