Quotes of BRENT crude oil continue to be traded within the lateral movement. At this point, we should expect an attempt to test the resistance level near the area of $ 53 per barrel. Where again we should expect a rebound and a fall in oil prices in the region below the level of $ 50.50 per barrel.
Technical analysis & forecast crude oil on September 5, 2017
In favor of falling quotes and prices for oil BRENT is a test of the resistance line on the indicator of relative strength index (RSI). The abolition of the fall in oil prices will be a strong growth and breakdown of the region of $ 54 per barrel, indicating that the growth of oil above the level of 60. Expect to accelerate the fall of BRENT is with the breakdown of the support level and the closing of quotations below the level of 50.
Technical analysis & forecast crude oil on September 5, 2017 involves an attempt to test the resistance level near the area of $ 53 per barrel, from which you should expect a rebound and a fall to below the area of 50, an additional signal will test the trend line on the relative strength indicator (RSI).