Quotes of BRENT continue to move in growth. At the time of the publication of the forecast, the price of BRENT oil is $ 64.33 per barrel. At the moment, we should expect an attempt to grow and test the resistance level near the area of 65.30 dollars per barrel. Further, the continuation of the fall of the oil in the area below 61.65.
BRENT Crude Oil Forecast and analysis February 15, 2019
In favor of lowering quotations and prices for oil BRENT will test the resistance line on the indicator of relative strength index (RSI). As well as a rebound from the upper boundary of the rising channel. Cancellation of the option of falling oil prices will be a strong increase and the breakdown level of 66.55 dollars per barrel. This will indicate the breakdown of the resistance area and the continuation of growth of quotations in the area above the level of 68.55. Confirmation of the fall in quotations will be the breakdown of the lower boundary of the channel and the closing of the BRENT prices below 60.75.
BRENT Crude Oil Forecast and analysis February 15, 2019 imply an attempt to test the resistance level near the 65.30 area. Further, the continuation of the fall with the goal below 61.65. In favor of the fall will make a test line resistance. Cancellation of the option of falling oil prices BRENT will be a strong growth and the breakdown level of 66.55. This will indicate continued growth of quotations in the area above the level of 68.55.
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