Oil prices Quotes BRENT traded at $ 56.98 a barrel. At the moment, oil prices firmly testing the descending channel’s upper border, and has the potential to rebound and start the fall in oil prices at the beginning of the next trading week.
Technical analysis BRENT on January 9, 2017 — January 13, 2017
The purpose of the fall is the area on the level below 48 dollars per barrel. An additional signal in favor of the fall is the next test of resistance on the downlink indicator of relative strength.
Cancellation option quotes and falling oil prices the camp of the strong growth and the breakdown field of 60 dollars per barrel, closing prices that will point to a continuation of the upward movement in the area above the level of 65 dollars per barrel.
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