Quotes of WTI crude oil also struck the lower boundary of the model 5-0, which implies a drop of oil prices. The purpose of the fall can be a region at the level of below $ 46 per barrel.
Forecast WTI oil price today — June 3, 2016
An additional signal in favor of the oil price fall is the break of the rising trend line on the indicator of relative strength. Forecast WTI oil price today — June 3, 2016 suggests the drop in oil prices within the penetration of the lower boundary of the triangle pattern on the indicator of relative strength.
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