Quotes of WTI crude oil are traded at the level of 48.51 dollars per barrel. Oil continues to move in a downward trend. It is worth giving up trying to test the upper border of the indicator bars near the level of $ 50 per barrel, where there is a conservative area for sales of WTI oil.
Bollinger Bands WTI oil forecast on March 15, 2017
The abolition of the reduction option will be a breakdown of the area of 50.80, which indicates the breakdown of the upper boundary of the Bollinger Bands indicator bars, in this case we should expect a potential change in the trend in favor of the ascending trend. Expect the acceleration of falling quotations and oil prices is with the breakdown of the lower border of the bands of the indicator Bollinger Bands with the closing of quotations below the level of 47.60.
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