BRENT
Brent is declining following a rebound from the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Cloud’s lower boundary at 89.65 is expected, followed by a decline to 83.85. An additional signal confirming the decline could be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the Cloud’s upper boundary, with the price securing above 91.55, indicating further growth to 94.05.
Origin: RoboForex
