Brent crude oil is trading at $ 49.10 per barrel. Brent oil is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Oil. Oil prices are expected to rise near the level of $ 49.80 per barrel, from which one should expect an attempt to drop and develop the bearish trend for oil near the level of 47.10 dollars per barrel.
Brent Forecast crude oil on June 13, 2017
Earlier, a weak signal was received for the sale of Brent Oil, due to the crossing of signal lines at the level of 53.15. 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 quotes above the area of $ 50.50 per barrel, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in quotes for Brent crude Oil is with the breakdown of the local minimum area at $ 47.50 per barrel.
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