BRENT continue to move in growth. At the time of the publication of the forecast, the price of BRENT oil is $ 64.35 per barrel. Moving averages indicate a short-term upward trend in oil. At the moment, we should expect an attempt to continue the decline and a test of the support level near the area of 62.35 dollars per barrel. Further, the continuation of the growth of the oil rate to the region above the level of 71.35.
BRENT Crude Oil Forecast and analysis June 25, 2019
In favor of the growth of quotations and prices for oil BRENT will test the rising trend line on the indicator of relative strength index (RSI). The second signal will be a rebound from the upper limit of the model «Triangle». Cancellation options for rising oil prices will fall and the breakdown level of 59.75 dollars per barrel. This will indicate a breakdown of the support area and a continued decline in quotations to the area below the level of 56.05. Confirmation of the growth of quotations will be the breakdown of the resistance area and the closing of BRENT prices above 65.75.
BRENT Crude Oil Forecast and analysis June 25, 2019 imply an attempt to test the support level near the area of 62.35. Further, the continuation of growth with the target above the level of 71.35. In favor of growth will make a test trend line on the indicator of relative strength index (RSI). Cancellation of the option of raising the price of oil BRENT will fall and the breakdown of the level of 59.75. This will indicate a continued decline in quotations to the area below the level of 56.05.
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