Quotes of WTI oil at the current trading week failed to update the domain highs. However, at the moment there is a potential for the development of the fall in the rebound from the resistance area.
Forecast WTI crude oil 05/23/2016 — 05/27/2016
As you can see on the daily chart of oil prices, the value of the indicator of the relative strength tight test resistance area. This involves trying to rebound and fall to the level of below $ 40 per barrel. Cancellation option of drop in oil prices of WTI will be a strong increase in oil prices and a break through the upper boundary of the triangle pattern on the indicator of relative strength.
Forecast WTI crude oil 05/23/2016 — 05/27/2016 suggests quotations falling attempt for oil in the rebound from the resistance of the upper border on the indicator RSI.
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