Quotes of BRENT crude oil continue to move as part of the development of the inverted head and shoulders model. It is worth waiting for an attempt to grow above the level of $ 50 per barrel and then continue the decline in quotations below $ 45.
Technical analysis & forecast crude oil on July 17, 2017
In favor of the fall, a dense test of the resistance area will perform on the indicator of relative strength index (RSI). The cancellation of the fall option will be a breakdown of the level of 51.50, which will indicate the continued growth in oil quotations.
Technical analysis & forecast crude oil on July 17, 2017 suggests an attempt to rise above the level of 50 as part of the completion of the formation of the bearish Wolfe wave model, with a view to falling below the level of $ 45 per barrel.
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