Quotes of WTI crude oil also showed a drop in the current trading week. As you can see, the price tested punched trend line and were able to push off from it.
Forecast WTI oil prices June 27, 2016 — July 1, 2016
The confirmation of the downward trend will drop WTI quotations below $ 47 per barrel. In this case, the local minimum level of upgrade will be the first signal for the continuation of the downtrend Cancellation option quotations fall and for WTI crude oil prices will be strong growth above the level of $ 53 per barrel. The overall goal of lowering prices may be a region at the level of below $ 40.
Forecast WTI oil prices June 27, 2016 — July 1, 2016 suggests an attempt to fall within the framework of development of the downward trend, but confirmation of this idea, we get a break of a minimum level.
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