Brent crude is trading at $ 55.66 a 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 upper limit of the Ichimoku Cloud near the level of 54.00, from which one should expect an attempt at growth and development of the bull trend on Brent Oil with a target of growth near the level of 56.30.
Ichimoku Kinko Hyo Brent prediction on April 18, 2017
Earlier, a weak signal was received for the sale of Brent Oil, due to intersection of the signal lines at 55.00. 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 quotes Brent Oil is worth a breakdown of the local maximum area at 55.00.
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