Quotes of WTI oil has also shown strong growth and was able to break and consolidate above the descending channel.
Forecast for WTI oil prices June 13, 2016 — June 17, 2016
At the current trading week, we still expect to try and fall of oil correction in the rebound from the resistance area on the indicator of relative strength. The aim can be a test of the broken channel line at $ 47 per barrel. Cancellation option will be the continuation of the growth of quotations of oil above the level of 53 dollars per barrel.
Forecast for WTI oil prices June 13, 2016 — June 17, 2016 does not rule out an attempt correction in oil prices in the region at $ 47 per barrel, but about turn is to say only after the price breaks the uptrend line.
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