Brent crude oil is trading at $ 54.29 a barrel. Brent crude continues to trade above the upper limit of the Ichimoku Cloud, indicating an upward trend in the Oil. It is expected to test the area of signal lines near the level of 54.00, from which one should expect an attempt to grow and develop the bullish trend for Brent Oil with a target of growth near the level of 55.90 dollars per barrel.
Ichimoku Kinko Hyo Brent Prediction on April 7, 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 a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 52.20, which will indicate a change 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 55.20.
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