Quotes of BRENT crude oil continue to move in line with growth. At this point, we should expect an attempt to drop the level 64 test and continue to the area below level 58 as part of the development of the reversal model «Double Top». In favor of falling quotations and prices for oil BRENT is the formation of the reversal model «Failure Swing» on the indicator of relative strength index (RSI).
BRENT crude oil technical analysis on November 28, 2017
Expect to accelerate the decline of BRENT is with a breakdown of the trend line and closing below 62.50. The abolition of the fall in oil prices will be a strong increase and a breakdown of 65 dollars per barrel, which will indicate the reversal of the reversal pattern and the continued growth of oil.
BRENT crude oil technical analysis on November 28, 2017 suggests an attempt to reduce oil prices with a view below the level of 61, in favor of falling oil prices is the formation of a reversal model on the indicator of relative strength index (RSI), the abolition of the decline in the price of oil BRENT will breakdown at level 65, which indicates the continued growth.
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