Quotes of WTI crude oil continues to trade under the formation of models of Wolfe wave for the purpose of falling below the level of 42 dollars per barrel. We continue to hold the sale of petroleum of mark WTI with a close stop. Cancellation option will be a strong growth of quotations of oil above the level of 53 dollars per barrel, which will point to the continued growth of quotations and price of oil WTI.
Oil WTI forecasts and analysis on 20 October 2016
An additional signal in favor of the fall is the test of the broken trend line on the indicator of relative strength, which also implies a drop in prices.
Oil WTI forecasts and analysis on 20 October 2016 involves a new attempt to start falling within the mining bearish Wolfe wave model.
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