Oil Prices brand BRENT traded above the level of the Ichimoku Cloud, which implies an attempt to continue growing in the area above the local maximum level. Previously it received a strong signal in favor of purchases of oil due to the intersection of the signal lines.
BRENT forecast oil prices on March 2017
We should expect a tight test of the upper boundary of Ichimoku Cloud and only sown this rebound and continued bullish trend. In the case of the breakdown region of $ 55 per barrel, we can expect continuation of decrease BRENT quotes to cloud base at the level of 53 dollars per barrel.
The breakdown of the field 52 dollars a barrel points to a potential shift in favor of a downward trend with the first goal of the fall in the level below the area of $ 48 per barrel.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
