Quotes of WTI crude oil also showed growth, and tested the psychological level of $ 50 per barrel. At the moment, we expect an attempt to drop prices of oil in the rebound from the upper boundary of the triangle pattern on the indicator of relative strength.
Forecast WTI oil prices on May 27, 2016
The purpose of the fall can be a region at the level of below $ 47 per barrel. Cancellation option will be a strong growth of quotations of oil WTI above the level of 51 dollars per barrel and break through the upper boundary of the triangle. Forecast WTI oil prices on May 27, 2016 assume a drop in oil prices in the rebound from the resistance area on the indicator RSI.
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