Quotes of WTI crude oil continues to fall in line with expectations, and is currently preserved potential for further oil to fall below $ 45 per barrel. But do not rule out an attempt to test the upper boundary of the descending channel, where we can expect the beginning of falling.
WTI crude oil forecasts and analyst on November 2, 2016
Cancellation option can become a strong growth WTI quotes above the level of 48 dollars per barrel, which will point to a continuation of the upward movement.
WTI crude oil forecasts and analyst on November 2, 2016 suggests an attempt to continue the reduction in the framework of the descending pattern Wolfe waves with the immediate goal to reach $ 45 per barrel and the overall objective of reducing the level below the area of $ 42 per barrel.