Instrument: Crude Oil / USD
Trend Expected Direction: Flat
Method: Ichimoku, Technical Analysis
Description: Crude oil has been gaining against the American dollar since it formed a hammer after bouncing off of the 90 level. 4-hour chart suggests that the pair is ready for a break out. Price is moving above the cloud and Tenkan-Sen crossed above Kijun-Sen.
Recommendation: Long
Target Area: 93.60
Stop-Loss: 92.20