Quotes of oil BRENT obscurities were not able to update the current trading week, the area of a local maximum. As we expected in the last forecast of oil prices, BRENT quotes after the correction start falling.
Weekly Forecast BRENT oil June 27, 2016 — July 1, 2016
At the current trading week is expected to attempt to break through the level of the local minimum and to continue the development of the downward trend in oil. Cancellation of such an option could be a strong increase in quotes above the level of 55 dollars per barrel, which will lead to continued growth in the region above the level of 60 dollars per barrel. We hold the sale, which was opened in the framework of working out a reversal forex head and shoulders pattern on the four-hour chart BRENT.
Weekly Forecast BRENT oil June 27, 2016 — July 1, 2016 suggests an attempt to continue falling signal in favor of this option acts breaking through the trend line on the RSI indicator and the subsequent rebound from it.
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