Quotes of BRENT crude oil continue to trade near the area of $ 51 per barrel. At this point, we should expect an attempt to continue the decline in oil prices in the support area near 50. Where again we should expect a rebound and an increase in oil prices.
Technical analysis & forecast crude oil on August 24, 2017
In favor of growth, a test of the support line on the indicator of relative strength index (RSI) will perform. Abolition of the variant of oil price growth will be a strong fall and breakdown of the area 49, which will indicate the continuation of the fall of BRENT.
Technical analysis & forecast crude oil on August 24, 2017 suggests an attempt to continue falling oil prices in the support area near the level of 50, from which it is expected to rebound and rise in oil prices to an area above the level of 52.50, the breakdown of the region will be 49.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
