WTI crude oil price forecast: May 11 2016


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Quotes of WTI crude oil continues to test the support area close at 44.60 dollars per barrel. At the moment there is a potential for continued growth in the region just above $ 45 in the rebound from the support line on the indicator RSI relative strength. Overall, however, the current situation is likely to fall and mining reversal forex head and shoulders pattern with a target at the level of below $ 40 per barrel.

WTI crude oil price forecast: May 11 2016

WTI crude oil price forecast: May 11 2016

Thus, WTI crude oil price forecast: May 11 2016 involves a test level of 45 dollars, where is expected to fall further down.

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