Quotes of WTI crude oil closed the trading week correction at $ 46.33 per barrel. However, the potential for falling prices of oil retained within the mining forex reversal patterns Dragon or double top, which indicates a potential test area of 36 dollars per barrel, with a breakdown there is a risk to see a tight field test $ 30 a barrel.
Analysis and forecast of oil prices on November 21, 2016 — November 25, 2016
But do not rule out an attempt to test dense punched trend line and only after that to continue reducing and development of the downward trend. Cancellation option WTI falling oil quotations on the next trading week will be a strong increase in quotes above the level of 50 dollars per barrel, which will point to the abolition of the model and the continued development of an upward trend.
Analysis and forecast of oil prices on November 21, 2016 — November 25, 2016 suggests an attempt to fall within the beginning of working out a reversal pattern Forex Double Top with a potential target of the fall in the level of 36 dollars per barrel.