Quotes of BRENT crude oil continue to move in line with growth. At the moment, you should expect an attempt to test the area of 70.30. Then start falling to the area below the level of 67.00. In favor of falling quotes and prices for oil BRENT will test the resistance line on the indicator of relative strength index (RSI), as well as the formation of the reversal model «Double top».
BRENT forecast & technical analysis January 30, 2018
The abolition of the fall in oil prices will be a strong increase and breakdown of the level of 72.50 dollars per barrel, which will indicate the continued growth of oil in the area above the level of 75.50.
BRENT forecast & technical analysis January 30, 2018 presupposes an attempt to test the level of 70.30 and continue falling with a target below 67.00, the cancellation of the variant of the drop in the price of BRENT oil will be a breakdown of the level of 72.50, which will indicate the continued growth of quotations in the region above the level of 75.50.
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