Analysis and forecast of oil WTI prices on October 31, 2016 — November 4, 2016


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Quotes of WTI crude oil ended the trading week at $ 48.89 a barrel. At the moment, preserved potential for falling oil quotations within start working out a bearish wave pattern Wolfe with a view to fall below the level of 36 dollars per barrel. In favor of this option and reduce the quotations and prices for WTI crude oil on the next trading week trend line acts as a breakdown on the relative strength indicator, which indicates a breakdown on the chart a similar line.

Analysis and forecast of oil WTI prices on October 31, 2016 — November 4, 2016

Analysis and forecast of oil WTI prices on October 31, 2016 — November 4, 2016

Cancellation option will increase in quotes above the strong level of 53 dollars per barrel, which would provoke a continuation of the growth of quotations.

Analysis and forecast of oil WTI prices on October 31, 2016 — November 4, 2016 suggests an attempt to fall within the beginning of working out a bearish wave Wolfe to reduce an area below 36 dollars per barrel.

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