Brent crude is trading at 51.64. Quotes of Brent Oil have broken through the Ichimoku Cloud area and have begun to move above the upper boundary, which indicates that there is an upward trend in Oil. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 51.10, from which one should expect an attempt to grow and develop the bull trend on Brent Oil with the aim of increasing the level of 52.90.
Ichimoku Forecast Brent crude oil on March 30, 2017
Earlier, we received a weak signal for purchases of Brent Oil, due to the crossing of the signal lines at the level of 51.00. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 50.70, which will indicate a shift in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations Brent Oil is worth a breakdown of the local maximum area at the level of 51.90.
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