Forecast BRENT crude oil May 23 — May 27, 2016


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Quotes BRENT oil firmly tested the area of the upper boundary of the descending channel. At the current trading week 05/23/2016 — 05/27/2016 we expect a rebound attempt from the 50 level and the development of a downtrend.

Forecast BRENT crude oil May 23 — May 27, 2016

Forecast BRENT crude oil May 23 — May 27, 2016

Cancellation option can become a strong growth of quotations of oil above the level of 52 dollars per barrel price. What lead to the option with the continuation of the uptrend movement. An additional signal in favor of oil falling BRENT testing the downtrend line on the indicator of relative strength, it also suggests a drop in prices since the current levels. Forecast BRENT crude oil May 23 — May 27, 2016 indicates a potential drop in oil prices in the rebound from the resistance area.

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