Quotes of BRENT crude oil close the trading week near the area of $ 74.72 per barrel. It is worth waiting for an attempt to test the support area near the level of $ 71.50 and the beginning of oil growth in the area above the level of $ 80.00 per barrel.
BRENT crude oil forecast June 25 — 29, 2018
An additional signal for the growth of oil quotes in the current trading week will be a test of the support line on the indicator of relative strength index (RSI). The cancellation of the variant of growth of quotations and prices for BRENT oil in the current trading week will break down at the level of $ 69.00, which will indicate the breakdown of the support area and the continuation of the fall of oil into the area below the level of $ 63.00. With the breakdown of the resistance area and the closing above the level of $ 77.00, one should expect confirmation of the growth of the price of oil in the current trading week.
BRENT crude oil forecast June 25 — 29, 2018 suggests a test of support near the level of 71.50, from which one should expect a rebound and an attempt to increase oil with a potential target at 80.00, an additional signal in favor of an oil price rise will be a test of the support line on the indicator relative strength index (RSI), the abolition of the growth option will fall and the breakdown of the area of 69.00.
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