BRENT crude oil forecast on March 26 — 30, 2018


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Quotes of BRENT crude oil close the trading week near the area of ​​$ 68.90 per barrel. It is worth waiting for an attempt to test the resistance area near the level of 72.00 and the beginning of the fall of oil in the area below $ 60.00 per barrel.

BRENT crude oil forecast on March 26 — 30, 2018

An additional signal in favor of falling oil quotes will be a test of the resistance line on the indicator of relative strength index (RSI). The cancellation of the variant of falling quotations and prices for BRENT oil in the current trading week will break through the level of 73.50, indicating that the oil will continue to increase to an area above the level of 77.00. With the breakdown of the support area and the closure below the level of 61.00, we should expect an acceleration in the fall in the price of oil as part of the development of the reversal model «Double Top».

BRENT crude oil forecast on March 26 — 30, 2018

BRENT crude oil forecast on March 26 — 30, 2018 suggests a resistance test near 72.00, from which one should expect a rebound and an attempt to continue falling oil with a potential target at 60.00, an additional signal in favor of falling oil prices will be a test of the trend line at indicator of relative strength index (RSI), the cancellation of the fall option will be a strong growth and breakdown of the support area 73.50.

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