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Monday, April 25, 2016

Brent Crude Oil - Ichimoku Weekly Study - Cross - Week 4 of April 2016.





Introduction / Primer to Ichimoku can be read at this link (click). 



Learning from the Earlier Study: 
(click here for the previous post)


Bulls keep the index above the Kijun Sen #W2.
Tenkan Sen crosses above the Kijun Sen, this is a Weak Bullish Signal #W2.
Chikou Span near the Price line #W1


Wrap:
Index keeps to its green run, with a Bullish Tenkan Sen - Kijun Sen, cross #W2.



Looking Forward into this Week:


Chikou Span approaching the price line, great for Bulls  #W1.

Keeping the index above the Kijun Sen, important for Bulls #W2.
After the Bullish Cross of the 'Tenkan Sen and Kijun Sen', Bears hope for a Throwback #W2.


Wrap:

Bulls next wish for a Bullish Cross of the Chikou Span and Price line #W2.
Bears hope for a throw back of the index, to the Kijun Sen #W2,