Quotes of WTI crude oil continues to move in the mining bearish Wolfe wave model in order to reduce the area below 44 dollars per barrel.
WTI crude oil forecast and analyst on November 29, 2016
At the moment, there is potential for a rebound in the framework of the formation of the model’s head and shoulders, and after the completion of the right shoulder is expected to continue decline. Cancellation option will be a strong increase in oil quotations of WTI above the level of 50 dollars per barrel, which will point to a continuation of upward correction.
WTI crude oil forecast and analyst on November 29, 2016 suggests an attempt to fall to $ 44 a barrel within the mining bearish Wolfe wave model.