Quotes of BRENT crude oil continue to move within the framework of strong growth. At this point, we should expect an attempt to test the upper limit of the model «Triangle» near the area of 64.50. Then continue the growth in the area above the level of 67.50.
BRENT crude oil technical analysis on December 13, 2017
In favor of the growth of quotations and prices for oil BRENT will perform a test of a broken trend line on the indicator of relative strength index (RSI). Abolition of the variant of oil price growth will be a drop and a breakdown of the level of 63.00 dollars per barrel, which will indicate the breakdown of the upper limit of the «Triangle» model and the continuation of the fall of oil.
BRENT crude oil technical analysis on December 13, 2017 involves an attempt to test the upper limit of the «Triangle» model near the level of 64.10, from which it is expected to rebound and rise in the price of oil with a target above 67.00, the abolition of the variant of the price increase of BRENT oil will be a breakdown of 63.00 , which indicates the continuation of the fall.
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