Quotes of BRENT continue to move in line with growth. At this point, we should expect an attempt to test the support area near the level of 76.50 dollars per barrel. Further, the continued growth of oil in the area above the level of 80.15.
BRENT forecast & technical analysis June 29, 2018
In favor of the growth of quotations and prices for oil BRENT will test the upward trend line on the indicator of relative strength index (RSI). Abolition of the variant of oil price growth will be a drop and breakdown at the level of 75.20 dollars 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 72.90. 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 29, 2018 presupposes an attempt to test the level of support near the area of 76.50 and continue growth with a target above the level of 80.15, the abolition of the variant of the growth in the price of BRENT oil will be a drop and breakdown at the level of 75.20, which will indicate the continued decline in quotations in area below level 72.90.
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