BRENT forecast & technical analysis December 28, 2018


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Quotes of BRENT continue to move in the upward correction. At the time of the publication of the forecast, the price of BRENT oil is $ 54.04 per barrel. At the moment, we should expect an attempt to grow and test the resistance level near the area of ​​$ 56.50 per barrel. Further, the continuation of the fall of the oil in the area below the level of 42.85.

BRENT forecast & technical analysis December 28, 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 59.50 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 63.40. Confirmation of a decrease in quotations will be the breakdown of the support area and the closing of BRENT prices below the level of 48.00.

BRENT forecast & technical analysis December 28, 2018

BRENT forecast & technical analysis December 28, 2018 imply an attempt to test the resistance level near the area of ​​56.50. Further, the continuation of the fall with the goal below the level of 42.85. Cancellation of the option to reduce the price of oil BRENT will be a strong growth and the breakdown level of 59.50. This will indicate a continuation of the rise in quotations to the area above the level of 63.40.


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