Brent crude oil is trading at 56.08 dollars per barrel. Brent crude continues to trade above the upper limit of the Ichimoku Cloud, indicating an upward trend in oil. It is expected to test the area of signal lines near the level of 55.60, from which one should expect an attempt at growth and development of the bull trend on Brent Oil with a view to growth near the level of 57.40.
Ichimoku Kinko Hyo Brent forecast on April 14, 2017
Earlier, we received a weak signal for purchases of Brent Oil, due to the intersection of the signal lines at the level of 51.00. The cancellation of the growth option will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 54.10, 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 56.50.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
