Quotes of WTI crude oil traded at 53.72 dollars per barrel. Quotes were able to break through the lower boundary of Ichimoku Obalka that indicates a potential shift in favor of a downward trend. We should expect a tight test of the broken cloud at 54.10 and continued falling below the level of 53 dollars per barrel.
Ichimoku Kinko Hyo WTI forecast on March 3, 2017
Cancellation option of reduction of quotations and prices for WTI oil mill breakdown of the upper limit of the Ichimoku Cloud and closing quotes above area 54.55 dollars per barrel. Previously it received a weak signal in favor of shopping, so you should wait for a signal in favor of the sales and trying to short positions in oil with stop loss above 54.20 area.
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