Quotes of BRENT crude oil continue to move in line with growth. At the moment, we should expect a test of the level of 70.40. Then start falling in the area below the level of 67.20. In favor of falling quotations and prices for oil BRENT will test the resistance line on the indicator of relative strength index (RSI).
BRENT forecast & technical analysis January 16, 2018
The abolition of the decline in oil prices will be a strong increase and a breakdown of the level of 71.00 dollars per barrel, which will indicate the continued growth of oil in the area above the level of 72.00. With breakdown of the level of 68.50 it is necessary to expect the acceleration of falling of quotations BRENT.
BRENT forecast & technical analysis January 16, 2018 suggests an attempt to fall to the lower border of the channel near 67.20, in favor of the fall, a trend line test will be performed on the relative strength strength index (RSI), the abolition of the drop in the price of BRENT oil will be a breakdown at 71.00, continued growth of quotations.
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