Quotes of BRENT continue to move in growth. At the time of the publication of the forecast, the price of BRENT oil is $ 61.47 per barrel. At the moment, we should expect an attempt to reduce and test the support level near the area of 60.50 dollars per barrel. Further, the continuation of the growth of oil in the region above the level of 68.90.
BRENT forecast & technical analysis December 6, 2018
In favor of the growth of quotations and prices for oil BRENT will test the rising trend line on the indicator of relative strength index (RSI). Cancellation of the option of rising oil prices will decrease and the breakdown level of 56.50 dollars per barrel. This will indicate a breakdown of the support area and the continuation of the fall in quotations to the area below the level of 52.50. Confirmation of the growth of quotations will be the breakdown of the resistance area and the closing prices on BRENT above the level of 63.50.
BRENT forecast & technical analysis December 6, 2018 imply an attempt to test the support level near 60.50. Further, the continuation of growth with the target above the level of 68.90. Cancellation of the growth rate of oil prices BRENT will fall and the breakdown level of 56.50. This will indicate a continued decline in quotations to the area below the level of 52.50.
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