Quotes of BRENT continue to move in the fall. At the time of publication of the forecast, the price of BRENT oil is $ 53.78 per barrel. At the moment, we should expect an attempt to grow and test the resistance level near the area of $ 56.05 per barrel. Further, the continuation of the fall of the oil in the area below the level of 47.85.
BRENT forecast & technical analysis December 25, 2018
BRENT will test the trend line on the relative strength index (RSI) in favor of lowering quotes and oil prices. As well as a rebound from the upper limit of the bearish channel. Cancellation of the option to reduce oil prices will be a strong increase and the breakdown level of 57.00 dollars per barrel. This will indicate a breakdown of the upper boundary of the channel and the continuation of the growth of quotations in the area above the level of 63.50. Confirmation of a fall in quotations will be the breakdown of the support area and the closing of BRENT prices below the level of 52.50.
BRENT forecast & technical analysis December 25, 2018 imply an attempt to test the resistance level near the area of 56.05. Further, the continuation of the fall with the target below the level of 47.85. Cancellation of the option to reduce the price of oil BRENT will be a strong growth and the breakdown level of 57.00. This will indicate a continuation of the rise in quotations to an area above the level of 63.50.
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