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Ichimoku Clouds. Review Of Brent

Published 03/09/2015, 08:24 AM
Updated 07/09/2023, 06:31 AM
LCO
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Brent 4-Hour Chart

Brent, H4

Let’s look at the four-hour chart. Tenkan-sen line is below Kijun-sen, they are both horizontal. Chinkou Span line is below the price chart; current Kumo-cloud has reversed from ascending to descending. The pair has broken down the cloud and is still falling towards the level of 58.20. The closest support level is the lower border of the cloud (60.17).

Brent Daily Chart

Brent, D1

On the daily chart ,Tenkan-sen line is above Kijun-sen, both lines are turning upwards. The Chinkou Span line is above the price chart; current Kumo-cloud is ascending. The pair is still trading within the cloud, trying to reach its upper border (63.32). Kijun-sen line is a support level at 57.06.

Support levels: 58.20, 57.06.
Resistance levels: 60.17, 63.32.

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