Price of WTI crude oil forecast — June 10, 2016


Quotes of WTI crude oil also showed significant growth, and at the moment we should expect the test the breached border triangle pattern on the indicator of the relative strength and continued growth of quotations on the WTI crude oil price.

Price of WTI crude oil forecast — June 10, 2016

Price of WTI crude oil forecast — June 10, 2016

Cancellation option of rising oil prices will drop WTI quotations below $ 49 per barrel. An additional signal in favor of the growth is the rising and breaking through the upper boundary of the channel, which indicates continued growth in the region WTI above the level of 53 dollars per barrel. Price of WTI crude oil forecast — June 10, 2016 assumes a continuation of growth in oil prices within the bullish trend.


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