Brent crude oil is trading at $ 52.28 a barrel. Brent crude continues to trade below the lower boundary of the Ichimoku Cloud, indicating a downward trend in the Oil. It is expected to test the area of signal lines near the level of 53.10, from which one should expect an attempt to fall and develop a bearish trend for Oil near the level of 50.40.
Ichimoku Kinko Hyo Brent forecast on April 24, 2017
Earlier, a weak signal was received for the sale of Brent Oil, due to the intersection of signal lines at 56.05. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the area of 55.30, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations for Brent Oil is worth a breakdown of the local minimum area at the level of 51.80.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
