Brent crude oil is trading at $ 48.68 per barrel. Brent crude continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Oil. Prices are expected to rise near the level of $ 49.00 per barrel, from which one should expect an attempt to drop and develop a bearish trend for Oil near the level of $ 46.40 per barrel.
Brent crude oil forecast on June 14, 2017
Earlier, a weak signal was received for the sale of Brent Oil, due to the intersection of signal lines at the level of 53.15. The cancellation of the drop in oil quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of $ 50.00 per barrel, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes for Brent Oil is worth a breakdown of the local minimum area at $ 46.90 per barrel.
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