Quotes of BRENT crude oil continue to move in the fall. At the moment, the potential remains for continuing the decline in oil prices in the region below the level of $ 47 per barrel as part of the rebound from the broken area of resistance. In favor of falling quotations and oil prices, a downtrend test of the turn on the indicator of relative strength will perform. The abolition of the variant of BRENT oil reduction will be the breakdown of the region at $ 50.50 per barrel, which will indicate the continuation of the development of the upward correction.
Analysis and forecast crude oil prices BRENT on May 8, 2017
Expect to accelerate the fall of quotations is with the breakdown of the local minimum area.
Analysis and forecast crude oil prices BRENT on May 8, 2017 suggests an attempt to continue falling oil prices in the region below the level of $ 47 per barrel with a potential test of the region $ 45, within the rebound from the downward resistance line on the relative strength indicator.
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