Oil WTI is trading at the level of 47.92 dollars per barrel. WTI oil is traded below the Ichimoku Cloud boundary, which indicates a downward trend in Oil. It is expected to test the lower boundary of the Ichimoku Cloud near the level of 48.70 dollars per barrel, from which one should expect an attempt to fall and develop a bearish trend for this pair in order to reduce the level of 46.80.
Ichimoku Kinko Hyo forecast WTI oil on March 23, 2017
Previously, a strong signal was received for the sale of WTI Oil, due to the crossing of the signal lines at the level of 49.00 dollars. The abolition of the decline option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of $ 50.90 per barrel, which will indicate a change in the downward trend in favor of the upward trend. Expect to accelerate the fall in quotations WTI stands with the breakdown of the local minimum area at the level of 47.70 dollars per barrel.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
