Quotes of BRENT continue to move in line with growth. At the moment, we should expect an attempt to test the support area near the level of $ 76.10 per barrel. Further, the continued growth of oil in the area above the level of 80.50.
BRENT forecast & technical analysis June 28, 2018
In favor of the growth of quotations and prices for oil BRENT will test the bullish trendline on the indicator of relative strength index (RSI). Abolition of the variant of oil price growth will be a drop and a breakdown of the level of $ 75.00 per barrel, which will indicate the breakdown of the lower border of the channel and the continuation of falling quotations in the area below the level of 72.80. To expect confirmation of the growth in the price of oil is with the breakdown of the resistance area and the closing above the level of 78.35.
BRENT forecast & technical analysis June 28, 2018 suggests an attempt to test the level of support near the area of $ 76.10 and continue growth with a target above the level of 80.50, the abolition of the variant of the growth in the price of BRENT oil will be a drop and a breakdown of $ 75.00 level, which will indicate the continued decline in quotations in the area below level 72.80.
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