Brent crude is trading at $ 54.60 a barrel. Brent crude continues to trade above the upper limit of the Ichimoku Cloud, indicating an upward trend in the Oil. It is expected to test the area of signal lines near the level of 54.10, from which one should expect an attempt to grow and develop the bull trend on Oil Brent with the aim of growth near the level of 55.80.
Ichimoku Brent crude oil Forecast on April 6, 2017
Earlier, we received a weak signal for purchases of Brent Oil, due to the intersection of the signal lines at the level of 51.00. The cancellation of the variant of growth will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 51.60, which will indicate a change in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotes Brent Oil is worth a breakdown of the local maximum area at 55.00.
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