Quotes of BRENT crude oil continue to be traded within the rising channel. At the moment, we should expect a test of the level of 56.90 and continuation of the decline in the support area at $ 53 per barrel. In favor of falling quotations and prices for oil BRENT is the test of the downward trend line on the indicator of relative strength index (RSI).
Brent prediction & technical analysis on October 12, 2017
To expect the acceleration of the fall is with the breakdown of the level of 54.50. The abolition of the decline in oil prices will be a strong growth and breakdown of the region $ 58 per barrel, which will indicate the continued growth of BRENT above the level of 60.
Brent prediction & technical analysis on October 12, 2017 assumes an attempt to test the level of 56.90 and a decrease in oil to the support area at $ 54 per barrel, in favor of falling oil quotes is a test of the bearish trendline on the indicator of relative strength index (RSI), breakdown at level 58.
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