Quotes of BRENT crude oil continue to move within the correction. At the moment, you should expect a test of the level of 64.50. Further continuation of the fall in the area below the level of 61.00. In favor of falling quotations and prices for oil BRENT will perform a test of a broken trend line on the indicator of relative strength, as well as the formation of the reversal model «Head and Shoulders».
BRENT crude oil technical analysis on December 14, 2017
The abolition of the fall in oil prices will be a strong growth and a breakdown at the level of 66.50 dollars per barrel, which indicates the breakdown of continued growth in oil.
BRENT crude oil technical analysis on December 14, 2017 presupposes a test of the level of 64.50, from which one should expect a rebound and a fall in the price of oil with a view below the level of 61.00 within the framework of the reversal model, the abolition of the variant of the drop in the price of BRENT oil will be a breakdown at level 66.50, which will indicate on the continuation of growth.
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