Quotes of BRENT continue to move in the upward correction. At the time of publication of the forecast, the price of BRENT oil is $ 61.57 per barrel. At the moment, we should expect an attempt to grow and test the resistance level near the area of 62.50 dollars per barrel. Further, the continuation of the fall of the oil in the area below the level of 53.05.
BRENT forecast & technical analysis December 4, 2018
BRENT will test the trend line on the relative strength index (RSI) in favor of lowering quotes and oil prices. Cancellation of the option of falling oil prices will increase and the breakdown level of 65.00 dollars per barrel. This will indicate a breakdown of the resistance area and continued growth of quotations in the area above the level of 67.50. Confirmation of a fall in quotations will be a breakdown of the support area and closing of quotes below the level of 58.50.
BRENT forecast & technical analysis December 4, 2018 imply an attempt to test the resistance level near the area of 62.50. Further, the continuation of the fall with the goal below the level of 53.05. Cancellation of the option of falling oil prices BRENT will be a strong growth and the breakdown level of 65.00. This will indicate continued growth of quotations in the area above the level of 67.50.
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