Quotes of BRENT crude oil continue to move within the flat movement. At the moment, we should expect a test of the level of 64.30. Further continuation of the fall in the area below the level of 60.70. In favor of falling quotations and prices for oil BRENT will test the resistance line on the indicator of relative strength index (RSI).
BRENT crude oil technical analysis on December 21, 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 breakdown of the resistance level and the continuation of oil growth. To expect the acceleration of the fall is with the breakdown of the support level and closing below 60.50.
BRENT crude oil technical analysis on December 21, 2017 presupposes a test of the level of 64.30, from which one should expect a rebound and a fall in the price of oil with a view below the level of 60.70, the abolition of the variant of the drop in the price of BRENT oil will be a breakdown at the level of 65.90, indicating a continued growth.
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