Quotes of WTI crude oil continues to trade within the downward trend and currently retained potential for falling prices of oil in the area below the level of 40 dollars per barrel by the beginning of the descending pattern Wolfe waves.
Oil WTI forecasts and analyst on November 1, 2016
Cancellation option may become strong Rots oil prices above the level of 54 dollars per barrel. The immediate goal of the fall is the test of the trend line at $ 47 per barrel.
Oil WTI forecasts and analyst on November 1, 2016 assumes a continuation of the trend to reduce the lines and with the potential to decrease below the level of 40 dollars per barrel, the cancellation option will strong growth and renewal of the area of a local maximum.