Quotes of BRENT crude oil continue to move in a downward trend and are currently pushing away from the area of resistance. It is worth waiting for an attempt to continue falling into the area below the level of $ 47 per barrel.
Technical analysis & forecast crude oil on May 11, 2017
In favor of falling quotations and prices for oil BRENT is the test of the descending line of resistance on the indicator of relative strength. The abolition of the fall in the price of oil will be a strong increase and breakdown of the region of 50.50 dollars per barrel, which will indicate the continued growth of quotations BRENT.
Technical analysis & forecast crude oil on May 11, 2017 involves an attempt to rebound and fall of quotations in the area below the level of $ 47 per barrel as part of the downward resistance test on the relative strength indicator, the breakdown of the region will be $ 50.50 per barrel.
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