Quotes of WTI crude oil continues to move in the development of a downward correction. At the moment, the pair quotes tight test area of the upper boundary of the descending channel, where we can expect an attempt to fall to below 43 dollars per barrel.
WTI crude oil forecast and analyst on November 11, 2016
In the case of growth of quotations of oil above the $ 46 price, is expected to start an ascending correction of oil in the area above the level of 50 dollars per barrel.
WTI crude oil forecast and analyst on November 11, 2016 suggests an attempt to continue falling in the beginning of the descending part of forex 1: 1 model in order to reduce the area below 43 dollars per barrel, the cancellation will yield WTI quotes the channel.