Quotes of BRENT crude oil continue to move within the Triangle model. At the moment, we should expect a sweaty test of the upper limit of the model and the beginning of the fall in the area below the level of $ 50 per barrel.
Technical analysis & forecast crude oil on August 8, 2017
In favor of falling quotations and oil prices will test the resistance line on the indicator of relative strength index (RSI). The abolition of the fall option will be a strong growth and breakdown of the region of 53.50, which will indicate the continued growth in oil prices.
Technical analysis & forecast crude oil on August 8, 2017 involves a rebound attempt from the upper boundary of the Triangle model and fall below the $ 50 a barrel level, in favor of the drop is the resistance line test on the relative strength indicator (RSI).
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