Price of WTI crude oil forecast — May 24, 2016


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Quotes of WTI crude oil continues to trade near the resistance level. At the moment the price breaks the level of 47.50 dollars per barrel, has the potential to continue fall within mining reversal pattern double top.

Price of WTI crude oil forecast — May 24, 2016

Price of WTI crude oil forecast — May 24, 2016

The purpose of the fall in this case is the area at a level below 45.50 dollars per barrel. Cancellation option drop of WTI crude oil quotes will rise in oil above the level of 49.70 dollars per barrel price. We continue to hold the sale of oil from a close stop. Price of WTI crude oil forecast — May 24, 2016 suggests the drop in oil prices after the price breaks the support level near 47.50.

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