Crude OIL price forecast: May 11 2016


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Quotes BRENT crude oil continues to trade within the Forex pivot head and shoulders pattern. The purpose of the fall is still the area at the level of below $ 40 per barrel. Cancellation option for oil 11 May 2016 falling prices will rise above the level of quotations BRENT forming the right shoulder of the model 45.60 dollars. We continue to hold short positions in oil with a close stop. As the fall in oil prices 05.11.2016 ready to increase the volume of sales.

Crude OIL price forecast: May 11 2016

Crude OIL price forecast: May 11 2016

Thus, Crude OIL price forecast: May 11 2016 suggests an attempt quotations falling and oil prices within the mining reversal forex head and shoulders pattern.

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