WTI crude oil forecast and analysis on November 4, 2016


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Quotes of WTI crude oil continues to fall in line with expectations. Currently quotes fulfill descending pattern Wolfe waves for the purpose of falling below the level of 40 dollars per barrel.

WTI crude oil forecast and analysis on November 4, 2016

WTI crude oil forecast and analysis on November 4, 2016

Quotes of oil tight testing the upper limit of the downward channel, indicating the potential drop since the current levels, the cancellation option will strong growth WTI quotes above the level of 46.50 dollars per barrel, which will point to the continued growth of oil prices.

WTI crude oil forecast and analysis on November 4, 2016 suggests an attempt to fall within the beginning of the descending forex 1:1 model with the immediate goal of the fall an below the field 42 dollars per barrel.

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