Brent: up to the range of 50.00 – 54.00. Technical analysis as of 25.05.2016

Forex analytics: Review and dynamics The price of crude oil Brent has closely approached the level of 50.00. Since the beginning of month the price of crude oil Brent has grown by 2.2 USD per barrel. The price has broken resistance level of 46.20 (Fibonacci 50% to the decline since June 2015 and the level of 65.30 to the lows of 2016at the level of 27.05) and continues to rise in the ascending channel with the ...