Brent crude oil is trading at 48.46 dollars per barrel. Brent oil is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for Oil. Ichimoku Kinko Hyo Cloud is expected to be tested near the level of 48.70 dollars per barrel, from which can expect a test of the lower boundary of the Cloud of Ichimoku Kinko Hyo near the level of 47.60 dollars per barrel.
Brent Oil forecast and analysis on July 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 48.66. To consider selling costs with the breaking of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotes below the level of 47.40, in the case of breaking through the upper boundary of the Ichimoku Kinko Hyo Cloud, one should expect the continuation of the development of the bullish trend in Brent Oil.
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