Quotes of BRENT crude oil continue to trade as part of the growth. At this point, we should expect a rebound from the level of $ 54 per barrel and falling quotes with a potential target near the area of 51.80. In favor of falling quotations and prices for oil BRENT is a test of the resistance line on the indicator of relative strength index (RSI).
Technical analysis & forecast crude oil on September 8, 2017
Cancellation of the fall in oil prices will be a strong growth and breakdown of the region of $ 55 per barrel, which will indicate the continued growth of oil above the level of 60. Expect the acceleration of the fall of BRENT is with the breakdown of the bottom of the rising channel and the closing of quotations below the level of 51 dollars per barrel.
Technical analysis & forecast crude oil on September 8, 2017 involves an attempt to drop oil quotations in the area of 51.50, an additional signal is the test of the resistance area on the indicator of relative strength index (RSI), the cancellation will be a strong growth and breakdown of the area 55, which will indicate the continued growth in oil quotations.