Quotes of WTI crude oil are traded at the level of 48.79 dollars per barrel. Quotes of oil continue to move below the moving average with a period of 55, indicating a downward trend. It is worth waiting for an attempt at an insignificant correction of quotations of oil in the region of $ 50.50 per barrel.
Bollinger Bands WTI oil forecast on March 14, 2017
The conservative area for the sale of WTI oil is located at the level of 51.80 near the upper boundary of the Bollinger Bands indicator strip, where one can try short positions with the first drop target near the level of 47.70. Expect to accelerate the decline in oil prices is with a breakdown of the region of 47.50 dollars. The breakdown of the region of $ 52 per barrel will indicate a potential shift in the trend in favor of an upward trend.
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