Quotes of BRENT continue to move in line with the decline. At this point, we should expect an attempt to test the resistance area near the level of 76.00 dollars per barrel. Further, the continued fall in oil in the area below the level of 73.10.
BRENT forecast & technical analysis June 13, 2018
In favor of falling quotations and oil prices BRENT will test the resistance area on the indicator of relative strength index (RSI), as well as the formation of the «Head and Shoulders» model. The abolition of the fall in oil prices will be a strong growth and breakdown at 77.50 dollars per barrel, which will indicate the breakdown of the resistance level and the continuation of the growth of quotations in the area above the level of 78.50. To expect confirmation of the fall in the price of oil is with the breakdown of the support area and the closure below the level of 74.90.
BRENT forecast & technical analysis June 13, 2018 involves an attempt to test the resistance level near the area of 76.00 and continue falling with a target below 73.10, the cancellation of the variant of the drop in the price of BRENT oil will be a strong growth and breakdown at 77.50, which will indicate the continued growth of quotations in the area above the level of 78.50.
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