Analysis for 2020-05-29
OKEx Utility (OKB) Oil BRENT is trading at the level of 51.25. Oil continues to trade below the lower boundary of the Ichimoku Cloud, indicating a downward trend in Oil. It is expected to test the area of signal lines near the level of 50.80, from which one should expect an attempt to fall and develop a bearish trend for Oil with a target to lowering the level of 44.50. Ichimoku Kinko Hyo Forecast BRENT on April 17, 2024 Previously, a strong signal was received for the sale of the Pound Yen pair, due to the crossing of the signal lines at 139.55.