Quotes of BRENT continue to move as part of a decline. At the time of the publication of the forecast, the price of BRENT oil is $ 72.23 per barrel. At the moment, we should expect an attempt to test the resistance level near $ 73.90 a barrel. Further, the continuation of the fall in the rate of oil in the region below the level of 67.00.
BRENT forecast & technical analysis November 8, 2018
BRENT will test the trend line on the relative strength index (RSI) in favor of lowering quotes and oil prices. Confirmation of a fall in quotations will be a breakdown of the support area and closing of quotes below the level of 71.00. Cancellation of the option of falling oil prices will be a strong growth and a breakdown of the level of 75.30 dollars per barrel, which will indicate a breakdown of the upper boundary of the downward channel and the continuation of the fall in quotations to the area above 78.00.
BRENT forecast & technical analysis November 8, 2018 imply an attempt to test the resistance level near the 73.90 area and continue to fall with a target below the 67.00 level. Cancellation of the option of falling oil prices BRENT will be a strong increase and the breakdown level of 75.30, which will indicate continued growth of quotations in the area above the level of 78.00.
