Brent: Oil price has reached the level of 42.00

Forex analytics: Since the opening of European session the price of oil is undergoing correction, rising up to the level of 42.00 USD per barrel. However, the rise above the level of 42.15, which is crossed by moving average line with the period 200 on the hourly chart and Fibonacci 38.2% (correction to the decline since June 2015), is unlikely.A meeting in Doha has collapsed. Now, the main fact affecting oil ...