Oil Brent is trading at a level of 55.31 dollars per barrel. Brent crude continues to trade above the upper limit of the Ichimoku Cloud, indicating an upward trend in the Oil. It is expected to test the area of signal lines near the level of 54.80, from which one should expect an attempt to grow and develop the bull trend on Brent Oil with a view to growth near the level of 57.10.
Ichimoku Kinko Hyo Brent Forecast on April 10, 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 53.00, 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 56.10 dollars per barrel.
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