Quotes of BRENT crude oil continue to be traded within the rising channel. At this point, we should expect a test level of 58.40 and continue falling into the area below the level of $ 55. In favor of falling quotations and prices for oil BRENT will test the resistance line on the indicator of relative strength index (RSI).
Brent prediction & technical analysis on October 24, 2017
Expect to accelerate the fall of quotations is with the breakdown of the level of $ 56 per barrel, indicating that the quotes are out of the channel. The abolition of the fall in oil prices will be a strong growth and a breakdown of the level of 59.50 dollars per barrel, which will indicate the continued growth of BRENT above level 62.
Brent prediction & technical analysis on October 24, 2017 involves an attempt to drop quotations and oil prices in the support area at $ 55 per barrel, in favor of the decline will test the trend line on the indicator of relative strength index (RSI), the abolition of the fall will be a breakdown of the level of 59.50 , indicating that the growth of quotations BRENT above level 62 will continue.