Quotes of WTI crude oil continues to trade in line with expectations and our forecast of oil prices. At the moment, preserved potential for a fall in quotations to below $ 50 a barrel due to the breakdown of the uptrend line an indicator of relative strength.
WTI crude oil forecasts and analysis October 14, 2016
An additional signal in favor of the fall is the formation of topping models forex head and shoulders on the chart, it is important to complete the model, try to see the growth of WTI crude oil above the level of 52.70, where again we can expect an attempt to fall.
WTI crude oil forecasts and analysis October 14, 2016 suggests an attempt to complete the formation of reversal pattern and continue falling in the framework of working out such a model.
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