Weekly:
- Bullish Ichimoku trend: Price retested Kijun Sen. Price is still above Kumo, which has no shade over Price. Tenkan/Kijun is bullish
- Weekly Heikin Ashi candle so far has a smaller body and thus haDelta is making a cross above SMA3
Daily:
- Ichimoku setup maybe looks a bit bearish, but it can be the similar false bearish break pattern, that we saw in Dec/2014. Chikou Span is still above past Kumo, and the trend still persists. (Remember: valid Kumo breakout strategy needs a clearing of previous key supp/res level). Obviously there can be some head wind during the next wave up, as there is a bit thick Kumo above Price.
- Heikin Ashi candle turns bullish after the possible reversal signal yesterday. haDelta/SMA3 further up, crossing above zero. Oscillator turns bullish.
If we look at technicals only, this is a long entry point at key support, with clear buy signal.
Of course Ms. Yellen's speach today will be decisive.
p.s.: pls note that the charts are set for the second continuous contract (June), because the March front contracts are just about to expire.
- Bullish Ichimoku trend: Price retested Kijun Sen. Price is still above Kumo, which has no shade over Price. Tenkan/Kijun is bullish
- Weekly Heikin Ashi candle so far has a smaller body and thus haDelta is making a cross above SMA3
Daily:
- Ichimoku setup maybe looks a bit bearish, but it can be the similar false bearish break pattern, that we saw in Dec/2014. Chikou Span is still above past Kumo, and the trend still persists. (Remember: valid Kumo breakout strategy needs a clearing of previous key supp/res level). Obviously there can be some head wind during the next wave up, as there is a bit thick Kumo above Price.
- Heikin Ashi candle turns bullish after the possible reversal signal yesterday. haDelta/SMA3 further up, crossing above zero. Oscillator turns bullish.
If we look at technicals only, this is a long entry point at key support, with clear buy signal.
Of course Ms. Yellen's speach today will be decisive.
p.s.: pls note that the charts are set for the second continuous contract (June), because the March front contracts are just about to expire.
