WTI crude oil forecast and analyst on December 1, 2016


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Quotes of WTI oil have shown significant growth, at the moment there is a potential test area above the level of 50.50 dollars per barrel. Where should try to sell the brand of WTI crude oil, in favor of the fall is the resistance of the downlink test indicator of relative strength, as well as the completion of the formation of the descending pattern Wolfe waves with the aim of working out at a level below the area of $ 44 per barrel.

WTI crude oil forecast and analyst on December 1, 2016

WTI crude oil forecast and analyst on December 1, 2016

Cancellation option will be the fall of quotations strong growth WTI above the $ 52 per barrel, which will point to a continuation of growth.

WTI crude oil forecast and analyst on December 1, 2016 assumes a tight test 50.50 area as part of the completion of the formation of a bearish pattern, followed by a fall to below $ 44 per barrel.

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