Our sales recommendation is based on several things.
The Brent is below the average line and as you can see in recent months it has not really been able to rise above it.
Stochastic is Overbought (over 80 points).
The Ichimoku cloud is still red which means we are still in the midst of a downward trend.
Most importantly in the daily graph, a red star appeared in the daily graph that usually announces the end of a current trend!
Target: 59.60
The Brent is below the average line and as you can see in recent months it has not really been able to rise above it.
Stochastic is Overbought (over 80 points).
The Ichimoku cloud is still red which means we are still in the midst of a downward trend.
Most importantly in the daily graph, a red star appeared in the daily graph that usually announces the end of a current trend!
Target: 59.60