Quotes of BRENT crude oil close the trading week near the area of 65.01 dollars per barrel. It is worth waiting for an attempt to test the lower border of the channel near the level of 64.50 and the continuation of growth in the area above $ 70 per barrel. An additional signal for the growth of oil quotes is the formation of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI).
BRENT crude oil forecast on December 25 — 29, 2017
The cancellation of the variant of growth of quotations and prices for BRENT oil in the current trading week will break through the level of 62.00, which will indicate the continuation of the fall of oil. To expect the acceleration of growth is with the breakdown of the level of 66.50 dollars per barrel.
BRENT crude oil forecast on December 25 — 29, 2017 assumes a test of the level of 64.50, from which one should expect a rebound and an attempt to continue the growth of oil, an additional signal in favor of the oil price rise is the reversal model on the relative strength indicator, and the breakdown of the area is 62.00.
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