Quotes of BRENT crude oil continue to move within the flat movement. At the moment, you should expect a test of the level of 64.50. Further continuation of the fall in the area below the level of 60.70. In favor of falling quotes and oil prices BRENT will test the resistance area on the indicator of relative strength index (RSI), as well as the formation of the reversal model «Head and Shoulders».
BRENT crude oil forecast on December 22, 2017
The abolition of the fall in oil prices will be a strong increase and a breakdown of 65.90 dollars per barrel, which will indicate the breakdown of the resistance level and the continuation of oil growth. Expect the acceleration of the fall is with the breakdown of the support level and closing below 61.50.
BRENT crude oil forecast on December 22, 2017 presupposes a test of the level of 64.50, from which one should expect a rebound and a fall in the price of oil with a target below 60.70, the cancellation of the variant of the drop in the price of BRENT oil will be a breakdown at the level of 65.90, indicating a continued growth.
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