20.05.2015 - Target will continue to fall within the downward channel
Target price rebounded from the lower boundary of the descending channel the level of 77.30 and currently continues moving inside the descending channel. In case of the further growth, quotations may reach the level of 80.00 and the upper boundary of the channel. According to our forecast, the price decline will continue in the near future. We expect a decrease in prices in the medium term and recommend to open short positions with the target at 73.30, after fixing below 77.30.