Quotes of BRENT continue to move in the downward channel. At the time of the publication of the forecast, the price of BRENT oil is $ 58.91 per barrel. At the moment, we can expect an attempt to grow and test the resistance level near the area of 60.35 dollars per barrel. Further, the continuation of the fall of the oil in the area below the level of 53.15.
BRENT forecast & technical analysis November 30, 2018
BRENT will test the trend line on the relative strength index (RSI) in favor of lowering quotes and oil prices. As well as a rebound from the upper limit of the downward channel. Cancellation of the option of falling oil prices will be growth and a breakdown of the level of 62.50 dollars per barrel. This will indicate a breakdown of the upper boundary of the downward channel and the continuation of the growth of quotations in the area above the level of 65.50. Confirmation of a fall in quotations will be a breakdown of the support area and closing of quotes below the level of 57.00.
BRENT forecast & technical analysis November 30, 2018 imply an attempt to test the resistance level near the 60.35 area. Further, the continuation of the fall with the goal below the level of 53.15. Cancellation of the option of falling oil prices BRENT will be a strong growth and the breakdown level of 62.50. This will indicate continued growth of quotations in the area above the level of 65.50.
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