Quotes of BRENT continue to move within the correction. At the moment, we should expect an attempt to test the resistance level near the area of 75.20 dollars per barrel. Further, the continued fall in oil in the area below the level of 70.05.
BRENT forecast & technical analysis April 26, 2018
In favor of falling quotations and prices for oil BRENT will test the resistance line on the indicator of relative strength index (RSI). The abolition of the fall in oil prices will be a strong growth and a breakdown of the level of 76.50 dollars per barrel, which will indicate the breakdown of the upper boundary of the «Wedge» model and the continuation of the growth of quotations in the area above the level of 77.50. To expect confirmation of the fall in the price of oil is with the breakdown of the support area and the closing below the level of 72.50.
BRENT forecast & technical analysis April 26, 2018 suggests an attempt to test the resistance level near the area of 75.20 and continue falling with a target below 70.05, the abolition of the variant of the drop in the price of BRENT oil will be a strong growth and breakdown of the level of 76.50, which will indicate the continued growth of quotations in the area above the level of 77.50.
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