Quotes of BRENT crude oil continue to move in the fall. At this point, we should expect a test of the level of 63.30. Further continuation of the fall in the area below the level of 60.45. In favor of falling quotes and oil prices BRENT will test the resistance area on the indicator of relative strength index (RSI).
BRENT crude oil technical analysis on December 15, 2017
Abolishing the variant of falling oil prices will be a strong growth and a breakdown at the level of 65.50 dollars per barrel, which indicates the cancellation of the reversal pattern and the continued growth of oil.
BRENT crude oil technical analysis on December 15, 2017 presupposes an attempt to test the level of 63.30, from which one should expect a rebound and a fall in the price of oil with a target below the level of 60.45 as part of continuing the development of the reversal model, the abolition of the variant of the drop in the price of BRENT oil will be a breakdown of 65.50, which indicates the continued growth.
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