Quotes of WTI crude oil also gone into the development of ascending correction and now eats the potential for forming a reversal pattern head and shoulders in the inverted form, but do not rule out an attempt to continue the growth of oil in the area above the level of 47 dollars per barrel within a dense dough downlink the trend in the relative strength indicator.
WTI crude oil forecast and analyst for tomorrow November 17, 2016
After that we can expect continuation of decrease. Cancellation option quotes and falling prices for crude oil will be strong growth above the level of 48 dollars per barrel, which will point to a continuation of an upward trend above the level of 50 dollars per barrel.
WTI crude oil forecast and analyst for tomorrow November 17, 2016 suggests an attempt to fall within the framework of the formation of topping forex right shoulder head and shoulders pattern, but can be held and tighter test area at $ 47 per barrel.