Quotes of WTI oil are traded at the level of 53.46 dollars per barrel. Oil continues to move in a downward trend. The purpose of the fall is the area at a level below $ 52.60 per barrel. The breakdown of the lower border area of the Bollinger Bands indicator bars will indicate the acceleration of the oil price drop.
Bollinger Bands WTI oil forecast on March 8, 2017
The abolition of the fall option will be the breakdown of the region at $ 54 per barrel, indicating a potential change in the trend in favor of the ascending trend. The conservative area for oil sales is at the level of 53.85 dollars per barrel. Expect to accelerate the fall in quotations WTI is with the breakdown of the area of 52.50 dollars per barrel.
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