Brent crude is trading at $ 55.59 a barrel. Brent crude continues to trade above the upper limit of the Ichimoku Cloud, indicating an upward trend in oil. The pair is expected to rise near the level of 56.50, test the upper boundary of the Ishimoku Cloud near the level of 56.00, from which one should expect an attempt to grow and develop the bullish trend for Oil Brent with the aim of growth near the level of 57.20.
Ichimoku Kinko Hyo Brent crude oil prediction on April 19, 2017
Earlier, a weak signal was received for the sale of Brent Oil, due to the intersection of signal lines at 56.10. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 54.30, 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 55.50.
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