Analysis and forecast of oil prices BRENT on November 2, 2016


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Quotes BRENT crude oil continues to move in the descending pattern Wolfe waves with the potential to reduce the level below the area of $ 43 per barrel. We continue to hold the oil and try to build up new short positions on the pair. At the moment, strong support in favor of the uptrend line, which will accelerate the breakdown of the drop in prices and oil prices.

Analysis and forecast of oil prices BRENT on November 2, 2016

Analysis and forecast of oil prices BRENT on November 2, 2016

Cancellation option can be a strong correction of oil in the area above the level of 53 that may indicate continued growth.

Analysis and forecast of oil prices BRENT on November 2, 2016 suggests an attempt to continue falling in the framework of working out a bearish wave Wolfe.

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