Quotes of BRENT crude oil continue to move in line with growth. At this point, we should expect an attempt to test the support level near the area of 68.45. Then continue the growth in the area above the level of 70.95. In favor of the growth of quotations and prices for oil BRENT will perform a test of the support line on the indicator of relative strength index (RSI), as well as the formation of the bullish model «Wolfe Wave».
BRENT forecast & technical analysis January 23, 2018
Abolition of the variant of oil price growth will be a drop and breakdown of the level of 67.00 dollars per barrel, which will indicate the continuation of the fall of oil in the area below the level of 65.50.
BRENT forecast & technical analysis January 23, 2018 suggests an attempt to grow as part of the start of the «Wolfe Wave» model with a target above the level of 70.95, the abolition of the variant of the growth of the price of BRENT oil will be a breakdown at 67.00, which will indicate the continued fall in quotations in the area is below the level of 65.50.
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