Brent is moving as part of the growth in an upward channel and is moving above the upper border of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend. Correction and test of the upper boundary of the Cloud of the Ichimoku Kinko Hyo indicator near the level of 45.24 developed from the level of 45.65. We are waiting for the rebound and the continuation of the rise. The target of the growth in oil quotes is the area near the level of 48.84.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.