Quotes of BRENT close the trading week near the area of 77.12 dollars per barrel. As part of the publication of the forecast Forecast for oil prices BRENT for September 10 — 14, 2018, we should expect an attempt to test the resistance area near the level of 79.50 and the beginning of the fall of oil in the area below the level of 72.50 dollars per barrel.
BRENT crude oil forecast & analysis September 10 — 14, 2018
An additional signal in favor of lower oil quotations this week will be a test of the resistance line on the indicator of relative strength index (RSI). Canceling the option of lowering quotations and prices for BRENT oil in the current trading week on September 10 — 14, 2018, there will be a strong growth and breakdown at 81.50, which will indicate the breakdown of the resistance area and the continued growth of oil in the region above the level of 84.50. With the breakdown of the support area and the closing below the level of 75.50, one should expect confirmation of a drop in the price of BRENT oil in the current trading week.
BRENT crude oil forecast & analysis September 10 — 14, 2018 suggests an attempt to test the resistance area near the level of 79.50, from which one should expect a rebound and an attempt to drop oil with a potential target at the level of 72.50, an additional signal in favor of the oil price decline will be a test of the trend line at the indicator of relative strength index (RSI), the cancellation of the fall variant will be a strong growth and breakdown of the region of 81.50, which will indicate the breakdown of the resistance area and the continuation of growth.
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