Saturday, March 24, 2018

Brent Oil - Ichimoku Weekly Chart Study - Range Breakout - Last Week of March 2018.
chart > 

Introduction & Primer to Ichimoku can be read at this link > click.


Index breaks out of the range between the Red and Blue lines, and nears the Fibonacci 141%.
Brent Oil capitalizes on the 'Higher Low'.


Bears, seek to prevent a Higher High and keep Brent below the Fibonacci 141% once again.
Bulls plan to trend above the Tenkan Sen (blue) again.


Bears pray for a red candle and resistance at the Fibonacci 141%.
Bulls seek to trend above the Blue line once again.