Quotes of WTI oil went into an upward correction due to a slight separation of State Hillary Clinton at the start of the US presidential election. However, from a technical point of view quotes in an attempt to look like a continuation of falling within the framework of the completion of the descending pattern Wolfe waves for the purpose of falling below the level of 40 dollars per barrel.
WTI crude oil forecast for November 9, 2016
Cancellation option will be a strong growth above the level of 48 dollars, which will point to a continuation of upward correction.
WTI crude oil forecast for November 9, 2016 and involves the reduction of quotations for WTI crude oil prices due to incomplete Forex Wolfe wave model with a view on the level of below $ 40 per barrel.