25, August 2016

BRENT (a 4-hour chart)

General review

Oil prices resumed the decline after a rollback of in the area of $ 50 a barrel. The American Petroleum Institute (API) said on Tuesday that US crude stocks rose 4.5 million barrels last week.

Current situation

Price is consolidating in anticipation of the official data on crude inventories by US Department of Energy above the level of $ 49 per barrel.

Trading recommendations

If the figures will be similar to API data, this might lead the market in the area of $ 48- $ 48.50