Quotes of BRENT crude oil close the trading week near the area of $ 73.55 per barrel. It is worth waiting for an attempt to test the resistance area near the level of 74.50 and the beginning of the fall of oil in the area below $ 65.00 per barrel.
BRENT crude oil forecast June 18 — 22, 2018
An additional signal in favor of falling oil quotes in the current trading week will be a test of the resistance line on the indicator of relative strength index (RSI). Canceling the variant of falling quotations and prices for BRENT oil in the current trading week will break through the level of 80.50, indicating a breakdown of the local maximum and the continuation of oil growth in the area above the level of 85.00. With breakdown of the lower border of the channel and closing below the level of 70.00, one should expect confirmation of a fall in the price of oil in the current trading week.
BRENT crude oil forecast June 18 — 22, 2018 suggests a resistance test near the level of 74.50, from which one should expect a rebound and an attempt to continue falling oil with a potential target at 68.00, an additional signal in favor of the oil price drop will be a resistance line test at indicator of relative strength index (RSI), the cancellation of the fall option will be a strong growth and breakdown of the region of 80.50.
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