Brent crude is trading at $ 46.03 per barrel. Brent oil is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Oil. Ichimoku Kinko Hyo Cloud is expected to test near the level of $ 46.80 per barrel, from which one should expect an attempt to drop and develop a bearish trend for Oil with a view to lower near the level of $ 42.40 per barrel.
Crude oil forecast Brent on June 27, 2017
Previously, a strong signal was received for the sale of Brent Oil, due to the crossing of signal lines at level 46.80. Cancellation of the drop in oil quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of $ 48.00 per barrel, which will indicate a change in the bearish trend in favor of the bullish. Expect the acceleration of the drop in quotes for Brent Oil is with the breakdown of the local minimum area at 43.70 dollars per barrel.
- EUR/USD Forecast Euro to Dollar
- BTC/USD Forecast Bitcoin
- ETH/USD Prediction Ethereum
- RIPPLE Forecast & trading signals
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
