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Brent prediction & technical analysis on October 3, 2017

Brent prediction & technical analysis on October 3, 2017


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Quotes of BRENT crude oil continue to trade in the fall. At the moment, we should expect a test of 56.00 level and continue falling into the support area at the level of 54.50 dollars per barrel. In favor of the continued drop in quotations and prices for oil BRENT will perform a test of a broken trend line on the indicator of relative strength index (RSI).

Brent prediction & technical analysis on October 3, 2017

To expect the acceleration of the fall is a breakdown of the level of 55. The cancellation of the decline in oil prices will be a strong growth and breakdown of the region of $ 59 per barrel, indicating that the growth of BRENT above level 60 will continue.

Brent prediction & technical analysis on October 3, 2017 suggests an attempt to fall into the support area at the level of $ 54.50 per barrel, in favor of falling oil quotes will test a broken trend line on the indicator of relative strength index (RSI).

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