Brent crude is trading at $ 55.36 a barrel. Brent oil began to bargain inside the Ichimoku Cloud, which indicates the presence of a lateral trend for Oil. It is expected to test the upper boundary of the Iсhimoku Cloud near the level of 55.80, from which it is expected to test the lower boundary of the Ishimoku Cloud near the level of 54.80.
Ichimoku Kinko Hyo Brent forecast on April 20, 2017
Earlier, a weak signal was received for the sale of Brent Oil, due to the intersection of signal lines at 56.10. To consider the sale is with the penetration of the lower boundary of the Ichimoku Cloud and the closing of quotations below the level of 54.00, in the event of breaking through the upper boundary of the Ishimoku Cloud, we should expect the continuation of the upward trend in Brent Oil.
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