Quotes of BRENT crude oil continue to move within the framework of the formation of the reversal model. At this point, we should expect to try the test level 63 and continue in the fall area below level 58 as part of the development of the reversal model «Double Top».
BRENT crude oil technical analysis on November 30, 2017
In favor of falling quotations and prices for oil BRENT will perform a test of a broken trend line, as well as a rebound from the trend line on the indicator of relative strength index (RSI). Expect the acceleration of the decline in BRENT is with the breakdown of the support area and the closure below 61. 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 cancellation of the reversal pattern and the continued growth of oil.
BRENT crude oil technical analysis on November 30, 2017 involves an attempt to lower oil prices with a target below level 58, in favor of falling oil prices, a test of a broken trend line will come out, the abolition of a variant of a drop in the price of BRENT oil will be a breakdown at level 65, which will indicate on the continuation of growth.
