Quotes of WTI crude oil broke through the neck line reversal pattern Forex Head and Shoulders. The purpose of the fall is the area of oil quotations at less than 43 dollars per barrel. Where there is a potential for a rebound of quotations, but to upgrade the local minimum area should expect continued decline in oil prices of WTI brand.
WTI forecast and analysis on November 21, 2016
Cancellation option will be the fall of quotations strong growth of oil above the level of 47 dollars per barrel.
WTI forecast and analysis on November 21, 2016 suggests an attempt to fall within the mining reversal forex model head and shoulders in order to reduce the level of 43 dollars.