Analysis and forecast oil Brent prices on November 3, 2016


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Quotes BRENT crude oil continues to fall within the framework of the descending pattern with the Wolfe wave potential target falls below the level of 42 dollars per barrel. Cancellation option could be a strong increase in oil quotations, that in general, probably in connection with the publication of the Fed’s decision on rates. We continue to hold the sale of oil and increase the amount of short positions.

Analysis and forecast oil Brent prices on November 3, 2016

Analysis and forecast oil Brent prices on November 3, 2016

Stops on deals we tightened, so that in case of correction to close all positions at a profit, but if prices continue to fall, we get more profit at the expense of such a “pyramid”.

Analysis and forecast oil Brent prices on November 3, 2016 suggests an attempt to fall within the framework of the completion of the model Wolfe wave with target at level below 42 dollars a barrel in favor of such an option in favor of quotations and the output of the rising channel.

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