Quotes of BRENT crude oil continue to move within the framework of strong growth. At the moment, we should expect a test of the support level near the area of 67.50. Then continue the growth in the area above the level of 71.50.
BRENT forecast & technical analysis March 23, 2018
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). Abolition of the variant of oil price growth will be a drop and a breakdown of the level of 66.40 dollars per barrel, which will indicate the breakdown of the lower border of the bullish channel and the continuation of the decline of quotations below the level of 63.20. To expect confirmation of the growth in the price of oil stands with the breakdown of the upper boundary of the ascending channel.
BRENT forecast & technical analysis March 23, 2018 involves an attempt to test the level of support near the 67.50 area and continue growth with a target above 71.50, the cancellation of the variant of the growth of the price of BRENT oil will be a breakdown at level 66.40, which will indicate the continued fall in quotations to the area below the level of 63.25.
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