Quotes of WTI crude oil also showed an increase, however, and here we see a test of the descending trend line on the indicator of relative strength. We continue to hold the sale of oil from a close stop.
Price WTI crude oil forecast — June 8, 2016
Cancellation option could be a strong increase in oil prices and a break through the upper boundary of the triangle pattern that provoke WTI continued growth of quotations in the area above the level of 52 dollars per barrel. The purpose of the fall can be a region at the level of below $ 47.
Price WTI crude oil forecast — June 8, 2016 suggests a drop in prices in the rebound from the upper boundary of the triangle pattern on the indicator of relative strength.
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