The BRENT oil quotations keep falling within expectations and our price forecast for today and tomorrow. Currently the closest goal of BRENT quotations is falling to the level of 39 dollars for a barrel, from where expect the correlation attempt to finish the reversal forex model Head&Shoulders formation with the goal to fall even lower to the level of 35 dollars. The renewal of the local maximum area of the BRENT oil can cancel the option. We hold the oil sales in the framework of the failure swing model on the Relative Strength Index.
The analysis and BRENT oil price forecast for 25.03.2016
Thus, the BRENT oil price forecast for 25 March 2016 considers the falling attempt to the area of 39 dollars, from where expect the beginning of the ascending correlation in the framework of the reversal model formation.
