WTI crude oil forecasts and analyst on November 15, 2016


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Quotes of WTI crude oil continues to move in the downward trend. Currently quotes are testing the support area, with a breakdown of which is expected to accelerate the fall of quotations of WTI crude oil to below $ 40 a barrel. But do not rule out another test of the upper boundary of the channel and test the resistance of the downlink on the indicator of relative strength.

WTI crude oil forecasts and analyst on November 15, 2016

WTI crude oil forecasts and analyst on November 15, 2016

Cancellation option quotes and falling oil prices will be strong growth above the level of 47 dollars per barrel.

WTI crude oil forecasts and analyst on November 15, 2016 suggests an attempt to fall within the framework of the completion of the descending forex model 1:1 in order to fall below the level of 40, in case of quotations of oil outside the channel is expected to continue the development of upward correction.

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