BRENT
Brent has established itself above the upper boundary of the Double Bottom reversal pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 86.05 is expected, followed by a rise to 89.50. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing under 84.05, which will mean a further decline to 81.05.
Origin: RoboForex
