WTI oil prices Forecast May 30, 2016 — June 3, 2016


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Quotes of WTI crude oil also continued to grow at the current trading week. Here, similar to the structure of the triangle on the values of the indicator of relative strength.

WTI oil prices Forecast May 30, 2016 — June 3, 2016

WTI oil prices Forecast May 30, 2016 — June 3, 2016

The breaking down of such a model and trigger a drop in prices for WTI oil prices to below $ 45 per barrel. If there is a triangle is broken up, we can see the acceleration of the upward trend in the oil. At the beginning of the trading week, we still expect a drop in the rebound from the upper boundary of the triangle model, and also due to the resistance area on the test chart.

WTI oil prices Forecast May 30, 2016 — June 3, 2016 suggests an attempt to turn the price of oil, however, should try to sell a model of the triangle breaks down.


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