Quotes of BRENT crude oil continue to move within the flat movement. At this point, we should expect a test of level 65.25. Further continuation of the fall in the area below the level of 61.15. 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 19, 2017
The abolition of the fall in oil prices will be a strong increase and a breakdown of 65.90 dollars per barrel, which will indicate the reversal of the reversal pattern and the continuation of oil growth. Expect the acceleration of the fall is with the breakdown of the level of 62.00.
BRENT crude oil technical analysis on December 19, 2017 presupposes an attempt to test the level of 65.25, from which one should expect a rebound and a fall in oil prices with a target below the level of 61.15 as part of continuing the development of the head and shoulders reversal model, there will be a breakdown at the level of 65.90, indicating that the growth will continue.
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