Brent Oil - Ichimoku Weekly Study - Above support - Week 4 of November 2017.

Zoom into chart .. Click

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

 

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

Index follows last week's  'Opening white Marubozu', with a red weekly candle.

Senkou Span A and B, up bullishly (right extreme). 

Chikou Span turns towards the Price line (left).

Tenkan Sen and Kijun Sen, up bullishly (center).

Wrap:   

Index goes red after an 'Opening white Marubozu', above support at $62.x

Looking Forward into this Week:

All Signals currently favor Bulls.

Getting  below support and heading towards the Kumo is the Bear plan.
Heading to the 162% Fibonacci ($67) with the current momentum would be the Bull way.

Wrap: 

Bears hope for a 'Throwback', to the Kumo.

Bulls hope to retain the advantage, keeping above support, for continuation move towards $67.