Quotes of BRENT crude oil continue to trade near the resistance area of $ 52 per barrel. At the moment, we should expect an attempt to continue the decline in oil prices in the region below the level of $ 48.60. In favor of falling quotations and prices for oil BRENT will test the resistance line on the indicator of relative strength index (RSI).
Technical analysis & forecast crude oil on August 29, 2017
Abolition of the variant of falling oil prices will be a strong growth and breakdown of the region of $ 54 per barrel, which will indicate the continued growth of oil. Expect the acceleration of the fall is with the breakdown of the level of the lower boundary of the Triangle model.
Technical analysis & forecast crude oil on August 29, 2017 suggests an attempt to continue falling oil prices in the area below the level of $ 48.60 per barrel, an additional signal is the trend line test on the indicator of relative strength index (RSI), the break will be a breakdown of the upper boundary of the «Triangle» model.
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