Quotes of WTI crude oil continues to trade within the framework of the formation of topping models forex head and shoulders, and at the moment has the potential to start the fall of quotations from the right shoulder-level model. An additional signal testing the breached trend line on the indicator of relative strength. The purpose of the fall and mining forex head and shoulders pattern on the chart is the area of crude oil below $ 46 a barrel.
WTI crude oil forecasts and analysis on October 17, 2016
Cancellation option will be a strong increase in WTI quotations and sample local maximum region that points to continued growth.
WTI crude oil forecasts and analysis on October 17, 2016 suggests an attempt to fall within the framework of working out a reversal forex head and shoulders pattern with the potential to decrease below the level of $ 46 per barrel.
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