Brent oil technical analysis and forecast on April 13

BRENT oil showed a continued growth of quotations, quite possibly, oil continued rising within the ascending model 1: 1, which we ignored so aggressively. If so, then its goals are done and we should expect a down correction attempt in the very near future. An additional signal in favor of the falling prices of BRENT oil is the test of the resistance area on the RSI, which also points to the potential drop way down. However, it is better not to sell yet, wait for the formation of FX models proving the reduction.

Brent_13_april

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