Quotes of WTI crude oil closed the trading week near the local maximum level. Currently retained potential for falling prices of oil in the rebound from the resistance line on the indicator of relative strength. Furthermore here on the daily chart, you can select a large bearish Wolfe wave with a potential target of the fall below the level of 36 dollars per barrel.
Analysis and forecast oil prices WTI October 24, 2016 — October 28, 2016
Cancellation option this fall will be a strong increase in oil quotations all levels of 56 dollars per barrel, will cancel the model and indicate a continued growth.
Analysis and forecast oil prices WTI October 24, 2016 — October 28, 2016 suggests an attempt to fall in the rebound from the resistance line on the indicator of relative strength, as well as from the beginning of the descending pattern Wolfe waves.
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