LiteForex - Analytics

    LiteForex

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    Brent: Fibonacci analysis on 23.10.2015

    A decline may continue.

    On the 4-hour chart, the price rebounded from the level of 47.79 and is heading to 49.15 (23.6% correction), towards the crossover with the 23.6% arc. The breakout of this level may lead to a growth to 50.00 (38.2% correction). If the price turns down, it may try to decline along the 23.6% arc back to 47.79.

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