Brent: the price is at the level of 50.00. Technical analysis for 05.07.2016

Forex analytics: Review and dynamics After the rise in price of crude oil Brent above 51.00 at the end of last week, since the beginning of this week the price has been declining. Today oil prices continue to fall. The price has broken down strong support levels of 50.70 (Fibonacci 61.8% versus the decline from the level 65.30 to the lows of 2016 гat the level of 27.05) and 50.00 (psychologically important ...