BRENT crude oil forecast on August 14 — 18, 2017


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Quotes of BRENT oil close the trading week near the area of ​​$ 51.60 per barrel. It is worth waiting for an attempt to rebound and fall in quotations and oil prices in the region below the level of $ 45 per barrel. In favor of the drop comes a resistance level test on the price chart, as well as a downlink resistance test on the relative strength indicator (RSI).

BRENT crude oil forecast on August 14 — 18, 2017

The cancellation of the variant of falling quotations and oil prices will be followed by breakdown of the area 55, which will indicate the continued growth with the potential test of the region $ 60 per barrel. Expect to accelerate the fall is with the breakdown of the area 51 dollars per barrel.

BRENT crude oil forecast on August 14 — 18, 2017

BRENT crude oil forecast on August 14 — 18, 2017 involves an attempt to fall below $ 50 per barrel as part of the rebound from the downtrend line on the relative strength indicator (RSI), the breakdown of the 55 area will break, in this case, crude oil in the area above the level of 60.


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