BRENT crude oil forecast on December 27, 2017


Quotes of BRENT crude oil continue to move in line with growth. At this point, we should expect a test of the level of support near the level of 64.90. Then continue the growth in the area above the level of 68.10. In favor of the growth of quotations and prices for oil BRENT will perform a test of a broken trendline on the indicator of relative strength index (RSI).

BRENT crude oil forecast on December 27, 2017

Abolition of the variant of rising oil prices will be a drop and a breakdown of the level of 63.60 dollars per barrel, which will indicate the continuation of the fall of oil. Expect the acceleration of growth is with the breakdown of the resistance level and closing above 67.00.

BRENT crude oil forecast on December 27, 2017

BRENT crude oil forecast on December 27, 2017 presupposes an attempt to test the level of support near the area of ​​64.90, from which we should expect a rebound and an increase in the price of oil with a target above 68.10, the abolition of the variant of the price increase of oil BRENT will be a breakdown at 63.60, continuation of the fall.


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