BRENT forecast & technical analysis January 3, 2018


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Quotes of BRENT crude oil continue to move in line with growth. At this point, we should expect a test of the support level near the level of 66.40. Then continue the growth in the area above the level of 69.50. In favor of the growth of quotations and prices for oil BRENT will test the trend line on the indicator of relative strength index (RSI).

BRENT forecast & technical analysis January 3, 2018

The abolition of the variant of rising oil prices will be a drop and breakdown at the level of 65.10 dollars per barrel, which will indicate the continuation of the fall of oil. Expect to accelerate growth is with the breakdown of the level of 67.50.

BRENT forecast & technical analysis January 3, 2018

BRENT forecast & technical analysis January 3, 2018 suggests an attempt to test the support level near the area of ​​66.40, from which we should expect a rebound and an increase in the oil price with a target above 69.50, the abolition of the variant of the price increase of BRENT oil will be a breakdown at level 65.10, continuation of the fall in the region of the lower boundary of the bearish channel.

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