Oil WTI is trading at the level of 51.29 dollars per barrel. Oil WTI continues to trade above the upper limit of the Ichimoku Cloud, which indicates the presence of an upward trend in Oil. A test of the area of signal lines near the level of 50.90 is expected, from which one should expect an attempt of growth and development of a bullish tendency for a pair with the purpose of growth near the level of 53.40.
Ichimoku Kinko Hyo WTI oil Forecast on April 7, 2017
Earlier, a weak signal was received for the purchase of WTI Oil, due to the intersection of signal lines at the level of 48.00 dollars a barrel. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the 49.00 area, which will indicate a shift in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations WTI is with the breakdown of the local maximum area at the level of 52.10.
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