Brent Oil - Ichimoku Weekly Study - Its raining Dojis - Week 2 of December 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 makes another Doji and shows its indecision once again.

Senkou Span A and B, flatten (right extreme). Chikou Span way above the Price line (left).

Tenkan Sen and Kijun Sen, flat (center).

Wrap:   

Index undecided another week - weekly candle is a Doji.

Looking Forward into this Week:

With all Signals favoring Bulls, the ranging gives the Bears a small edge in.

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 pray for life below the Tenkan Sen (Blue line).

Bulls seek $67.