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 81.23 dollars per barrel. At the moment, we should expect a test of the support level near the area of 79.55 dollars per barrel. Further, the continued growth of the oil price in the region above the level of 84.90.
BRENT forecast & technical analysis September 27, 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). Proof of growth will break through the resistance area and the closing of quotes above the level of 82.50. Cancellation of the variant of oil price growth will be a drop and a breakdown of the level of $ 78.05 per barrel, which will indicate the breakdown of the support area and the continuation of the fall of quotations in the area below the level of 75.70.
BRENT forecast & technical analysis September 27, 2018 suggests an attempt to test the level of support near the area of 79.55 and continue growth with the target above 84.90, the abolition of the variant of the growth of the price of BRENT oil will be a drop and a breakdown at 78.05, which will indicate the continued decline in quotations in the area is below the level of 75.70.
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