Quotes of WTI crude oil continues to move in the development of ascending correction, but currently quotes firmly tested the region $ 47 per barrel.
WTI crude oil Forecast and analysis on November 22, 2016
We should expect the beginning of falling within the mining bearish wave pattern Wolfe with an order to fall below $ 45 per barrel. Cancellation option will be a strong increase in WTI quotes above the level of 48 dollars per barrel, which will point to the abolition of the model and the continued development of ascending correction.
WTI crude oil Forecast and analysis on November 22, 2016 suggests an attempt to fall within the mining bearish Wolfe wave model with a view on the level of $ 45.