Quotes of WTI crude oil continues to develop upward correction and is now able to test the region close to $ 49 a barrel conductive. In favor of the fall of quotations and the price of oil WTI favor the formation of the descending pattern with the aim of Wolfe wave fall below $ 45 per barrel.
WTI crude oil forecast and analyst on November 23, 2016
Despite the rise in prices of oil, of WTI continues to closely test suites region-wave pattern Wolfe zone that does not change the model.
WTI crude oil forecast and analyst on November 23, 2016 suggests an attempt to fall in the region at the level of 46 dollars per barrel in the framework of the beginning of the descending pattern, the cancellation will be strong growth and the breakdown of the area $ 51 per barrel, which will point to a continuation of an upward trend.