Quotes of BRENT crude oil continue to move within the framework of the bearish wave model of Wolfe. It is worth waiting for an attempt to fall into the area below the level of $ 48 per barrel.
Technical analysis & forecast crude oil on July 28, 2017
In favor of falling quotations and oil prices is the resistance line test on the indicator of relative strength index (RSI). The cancellation of the variant of quotations decrease will be a strong growth and a breakdown of level 52, which will indicate the continued growth of oil. Expect to accelerate the fall is with a breakdown level of 48 dollars per barrel.
Technical analysis & forecast crude oil on July 28, 2017 involves an attempt to reduce the start of the working off of the bearish wave model of Wolfe with the potential target of falling near the region of $ 44 per barrel.
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