Quotes of BRENT continue to move in line with growth. At this point, we should expect an attempt to test the level of support near the area of 72.00 dollars per barrel. Further, the continued growth of oil in the area above the level of 75.50.
BRENT forecast & technical analysis April 24, 2018
In favor of the growth of quotations and prices for oil BRENT will perform a test of the support line on the indicator of relative strength index (RSI). The abolition of the variant of oil price growth will be a drop and a breakdown of the level of $ 70.50 per barrel, which will indicate the breakdown of the lower boundary of the «Wedge» model and the continuation of the fall of quotations in the area below the level of 66.50. To expect confirmation of the growth of the price of oil is with the breakdown of the resistance area and the closing above the level of 74.00.
BRENT forecast & technical analysis April 24, 2018 suggests an attempt to test the level of support near the 72.00 area and continue growth with the target above the level of 75.00, the abolition of the variant of the growth of the price of BRENT oil will be a drop and a breakdown of the level of 70.50, which will indicate the continued fall in quotations in the area is below the level of 66.50.
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