Quotes of BRENT close the trading week near the area of 75.44 dollars per barrel. Within the framework of the publication of the forecast BRENT crude oil forecast & analysis August 27 — 31, 2018 should be expected to try the support area test near the level of 72.50 and continue the growth of oil in the area above the level of 82.50 dollars per barrel.
BRENT crude oil forecast & analysis August 27 — 31, 2018
An additional signal for the growth of oil quotes this week will be a test of the support line on the indicator of relative strength index (RSI). The cancellation of the variant of the growth of quotations and prices for BRENT oil in the current trading week on August 27 — 31, 2018 will break through the level of 69.50, which will indicate the breakdown of the support area and the continuation of the oil decline below 62.50. With the breakdown of the upper boundary of the descending channel and the closing above the level of 77.50, one should expect confirmation of the growth of the price for BRENT oil in the current trading week.
BRENT crude oil forecast & analysis August 27 — 31, 2018 assumes an attempt to test the support area near the level of 72.50, from which one should expect a rebound and an attempt to increase oil with a potential target at 82.50, an additional signal in favor of rising oil prices will be a test of the trend line at the indicator of relative strength index (RSI).
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