Brent crude is trading at $ 53.78 a barrel. Brent oil is trading below the lower boundary of the Ishimoku Cloud, which indicates a downward trend in the Oil. It is expected to test the area of signal lines near the level of 54.40, from which one should expect an attempt to fall and develop a bearish trend for a pair near the level of 51.80.
Ichimoku Kinko Hyo Brent prediction on April 21, 2017
Earlier, a weak signal was received for the sale of Brent Oil, due to the intersection of signal lines at 56.10. Cancellation of the variant of the fall will be a breakdown of the upper boundary of the Ishimoku Cloud with the closing of quotations above the area of 56.00, 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 52.90.