Quotes of BRENT continue to move within the correction and the bullish channel. At the time of the publication of the forecast, the price of BRENT oil is $ 69.16 per barrel. At the moment, we can expect an attempt to grow and test the resistance level near the area of 69.75 dollars per barrel. Further, the continuation of the fall of the oil in the area below 61.30.
BRENT Crude Oil Forecast and analysis April 3, 2019
In favor of the fall in quotations and prices for oil BRENT will test the downward trend line on the indicator of relative strength index (RSI). The second signal will be a rebound from the resistance area. Cancellation of the option of falling oil prices will be a strong increase and the breakdown level of 72.45 dollars per barrel. This will indicate a breakdown of the resistance area and continued growth of quotations in the area above the level of 74.45. Confirmation of a decrease in quotations will be the breakdown of the support area and the closing of BRENT prices below the level of 66.75.
BRENT Crude Oil Forecast and analysis April 3, 2019 imply an attempt to test the resistance level near 69.75. Further, the continuation of the fall with the target below 61.30. The test of the resistance line on the relative strength index (RSI) will be in favor of the fall. Cancellation of the option to reduce the price of oil BRENT will be a strong growth and the breakdown level of 72.45. This will indicate continued growth of quotations in the area above the level of 74.45.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
