Saturday, March 3, 2018

Brent Oil - Ichimoku Weekly Chart Study - Range - Week 1 of March 2018.
chart > 

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


Index keeps above support at the Fibonacci 113% and is in the range between the Red and Blue line.
Brent Oil has made a 'Higher Low'.


Bulls, seek to maintain this Higher Low and continue the up-move after the ranging.
Bears, need life below the red line for starters.


Bears need more red, break below the range and life near the Kumo ($50).
Bulls seek to break out of the range and make a Higher High.