Quotes of BRENT crude oil continue to move in line with growth. At the moment, we should expect a decline in the area below the level of 61.70. Where can we expect a rebound and the continuation of the rise in oil prices above the level of 66. In favor of the growth of quotations and prices for oil BRENT will perform a resistance test on the indicator of relative strength index (RSI).
Brent prediction & technical analysis on November 9, 2017
Abolition of the variant of rising oil prices will be a drop and a breakdown of 61 dollars per barrel, which will indicate the outflow of quotes beyond the bullish channel and the continuation of the fall.
Brent prediction & technical analysis on November 9, 2017 presupposes an attempt to test the lower boundary of the channel, from which one should expect a rebound and an attempt to continue growth with a target above level 66, in favor of rising oil prices, a test of the support line on the indicator of relative strength index (RSI), variant of the increase in the price of BRENT oil will be a breakthrough level of 61.
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