Quotes of BRENT continue to move within the framework of strong growth. At the time of publication of the forecast, the price of BRENT oil is $ 80.93 per barrel. At the moment, we should expect a test of the support level near the area of 79.50 dollars per barrel. Then began the continuation of the oil price in the region above the level of 83.85.
BRENT forecast & technical analysis September 25, 2018
In favor of the growth of quotations and prices for oil BRENT will perform a test of a broken trend line on the indicator of relative strength index (RSI). Proof of growth will break through the resistance area and the closing of quotations above the level of 81.50. The abolition of the variant of oil price growth will be a drop and a breakdown of the level of 78.80 dollars per barrel, which will indicate the breakdown of the support area and the continuation of falling quotations in the area below the level of 75.70.
BRENT forecast & technical analysis September 25, 2018 involves an attempt to test the level of support near the area of 79.50 and continue growth with a target above the level of 83.85, the abolition of the variant of the growth of the price of BRENT oil will be a drop and a breakdown of 78.80, which will indicate the continued decline in quotations in the area is below the level of 75.70.
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