Soybean futures (ZS) are in a strong bull trend and above their Ichimoku Clouds on the weekly, daily, and hourly charts. The Soybean market has set up a bull flag congestion zone and looks like it could head higher. See how to take advantage of this buying opportunity.

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The Soybean futures (ZS) market has a bullish trend and a nice-looking buy setup.  Price is above the Ichimoku Cloud on the weekly, daily, and hourly charts.  

Soybean Weekly Ichimoku Cloud Chart

The weekly chart started its uptrend in May of 2020. Notice how the Ichimoku Cloud held price on the 2 Wave downdraft indicating significant support at this point. The Span B of the Ichimoku Cloud often acts as support or resistance and in this case, it acted as support.  A strong 3 Wave followed and the price has now gone flat, setting up a typical-looking bull flag. The pole was formed from the 2 Wave to the 3 Wave and the flag is shown by the top congestion zone. Most of the time markets in this configuration break up. The Ichimoku Cloud Lagging line is clear of price, the price momentum is up and Soybeans could head higher to continue their bull trend. 

Should Soybeans break up, look for price to reach the target zone. 

Soybean Daily Ichimoku Cloud Chart 

The price on the daily chart has a similar configuration to the weekly chart. Soybeans have been trending up, prices keep pushing above the Ichimoku Cloud. The weekly flag can be seen here as a daily flag, with a longer congestion zone. Price has created a W pattern inside the flag. At the end of last week, the price indicated, Soybeans may begin to head higher.  

Should the price break above the flag’s congestion zone, shown by the highs of the 3 Wave and the 5 Wave, you could buy. Look for prices to continue to the top of the target zone.  An entry on this daily time frame set-ups a bullish position for the longer-term weekly targets. 

Soybean 60-Minute Ichimoku Cloud Chart 

Soybeans continue to be in an uptrend on the 60-minute chart. Price headed to the targets and backed off. A congestion zone has been set up around the equilibrium of the Ichimoku Cloud.  

When markets break up, as seen from the 6 Wave to 7 Wave, the price often will then retrace and congest until it encounters the Ichimoku Cloud. The old 5 Wave and Ichimoku Cloud Span B are acting as support. If the price is held by this support, look for Soybeans to once again continue upwards.  

Once Soybeans resume their uptrend on the 60-minute chart, watch for the daily chart to push higher as well. 

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There’s a strong upside bias in Natural Gas. The Ichimoku Cloud indicates the price is trending up on the weekly, daily, and hourly charts. Is there more opportunity for buyers to take advantage of the next move in Natural Gas?

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Ichimoku Cloud analysis of the US Natural Gas futures market. Does Natural Gas have more opportunity for buyers or is it time to sell?

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Caterpillar Inc. ( CAT ) is looking to break up to continue its bull trend. Ichimoku Cloud analysis indicates Caterpillar stock could push higher in the coming weeks. 

CAT Weekly Ichimoku Cloud Chart

CAT had a strong vertical move up from June 2020 to June 2021. Price climbed above the Ichimoku Cloud on the weekly chart and the uptrend pulled price away from the equilibrium of point of the Ichimoku Cloud.  

In June of 2021, price began a retracement on the weekly chart and formed a horizontal bull flag. The retracement did not pull price below Ichimoku Cloud and CAT maintained its uptrend.  

The Ichimoku Cloud noted on the week of March 14th, that CAT was preparing for another bull move. CAT has begun working its way upwards towards the purple target zone. Should price break above the top of the Wave 1 on this weekly chart, look for CAT to move to the black line at the beginning of the target zone.

CAT Daily Ichimoku Cloud Chart 

The daily chart shows CAT has moved above the Ichimoku Cloud and formed an uptrend. The Ichimoku Cloud indicates the momentum is up and price is looking to climb higher. The daily chart shows a vertical move from Wave 0 to Wave 1, which shifted to a textbook horizontal retracement.  

Price on the daily chart popped above the Wave 1 swing high, consolidated and now has closed above the Wave 1 pivot. If price moves above the Wave 3 high, it’s more than likely going to head up to the daily target zone.  

The daily chart offers an early opportunity entry with relatively small risk for the weekly move.   

CAT 60-Minute Ichimoku Cloud Chart 

The hourly chart again shows CAT has moved above the Ichimoku Cloud and formed an uptrend. Price hit the extended targets on the hourly chart, and pulled away from the equilibrium point of the Ichimoku Cloud. CAT has encountered resistance and likely will consolidate forming a bull flag as it waits for the Ichimoku Cloud to catch up later this week. 

CAT is setup to take out the Wave 3 high on this 60-minute chart and then move towards the daily targets and possibly continue on to the weekly targets. 

Ichimoku Cloud analysis of the US Natural Gas futures market shows where the market is headed and what upcoming targets to look for.

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Current geo-politics make Natural Gas an interesting opportunity. Russia is saying that European and all Western nations need to pay for Russian goods in Rubles and the G7 is saying, “Well, we won’t do that. You have to honor your current contracts.” 

The Europeans get a substantial portion of their natural gas from Russia. So, if the Europeans refuse to pay in Rubles and Russia won’t sell Natural Gas to them, the obvious place for Europe to obtain Natural Gas will be the United States. The United States produces all of its own domestic natural gas, and therefore could, or at least should be able to export some to Europe.  

Using Ichimoku Cloud analysis let’s look at the United States Natural Gas Futures market, from the Nymex exchange to see what the market thinks. Does the market think there is going to be additional demand for US natural gas? 

Natural Gas Weekly Ichimoku Cloud Chart

The weekly chart has been going up for a long period of time. There’s been quite a move in this market which started in March of 2021. Crude oil started moving up in April of 2021. Both of these major energy markets having going up for a substantial period of time.  

The weekly chart shows prices trending above the Ichimoku Cloud. Additionally, you’ll note the Ichimoku Cloud wave count and targets. The Ichimoku Cloud system has all of these elements built into its analysis.

The Ichimoku Cloud Lagging Line is also above the Cloud, confirming the uptrend. Price is above both Ichimoku Cloud moving averages. The longer-term and stronger moving average called the Base Line is in red. The Conversion Line is blue and it’s a faster moving average.  

The Ichimoku Cloud system is indicating a bullish opportunity with this week’s close, as noted with the green up arrow. The market pulled back in December forming a nice retracement, but it has been heading up steadily since. If the price breaks above the wave 5 high, it should continue up to the target resistance zone. The black line at 7.58 indicates the most likely place to which the price will rise.  

Natural Gas Daily Ichimoku Cloud Chart

The daily chart is in a strong uptrend above the Ichimoku Cloud. Price has headed to the target zone but not yet reached the old high, as noted with the black target line.  The Ichimoku Cloud Lagging line is above price and clear to head higher. The moving averages are rising, indicating the momentum is up, and more upside potential is likely.  

With an up-trending daily chart and bullish weekly chart, the Ichimoku Cloud expects prices to go higher. 

Natural Gas 60-Minute Ichimoku Cloud Chart

Natural Gas has been moving up steadily, since the end of March. Price and the Lagging Line are above the Ichimoku Cloud showing the uptrend. The 60-minute wave count is expecting a 5 wave to break up above the wave 3 high.  The shorter-term moving average, the Conversion Line, has crossed above the longer-term moving average, the Base Line, making the momentum up.  The Lagging Line has cleared through price opening up a path for the market to head higher.  A break of the 60-minute wave 3 highs, could be an early opportunity to consider a bullish position in Natural Gas. 

Overall, the Natural Gas Futures market is looking extremely bullish. It’s in an uptrend in all three timeframes. The Ichimoku Cloud analysis suggests the G7 may hold to its word and start buying some natural gas from the United States and less if not none, from Russia.  

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Welcome to our free Ichimoku Cloud analysis financial forecast.  

The Russian Ruble is an interesting case study because of the ongoing war in Ukraine and the sanctions against Russia. However, Ichimoku Cloud analysis shows the price movement has been predictable.

President Vladimir Putin has said starting this week that Western nations must now buy Russian goods in Rubles. Europeans have reliance to a significant degree on Russian oil and gas. The G7 has said they won’t pay in Rubles. The Russians have said, “Yes, you will.”  

This disagreement is important as far as the Ruble is concerned. If the European nations end up paying for Russian goods in Rubles, they will first have to go into the market and buy Rubles in order to pay. 

Let’s take a look and see what the Ichimoku Cloud has to say about the G7 – Russian Ruble standoff. 

We’ll look at three charts with 3 different time frames, the long-term weekly chart, the medium-term daily chart, and the short-term 60-minute chart. Each chart shows the Ichimoku Cloud, which you’re familiar with, but you’ll also see wave counts and targets. Waves and price targets are part of the Ichimoku Cloud system, even though most people aren’t aware the Ichimoku Cloud has these features built into it.

Russian Ruble Weekly Ichimoku Cloud Chart

The weekly chart had a big congestion zone. The market traded between the one and the two waves and went flat. The Ichimoku Cloud acts as an equilibrium spot. The market wants to go to this middle price. When we see a big move away from the Cloud, price wants to snap back. The Cloud moves towards price as well.  

You’ll note the Ruble, before the invasion started, started drifting down inside the range. Once countries noticed Russian troops amassing, and then once the invasion happened, the Ruble fell completely to the bottom of the target support zone.  

Price broke through the bottom of the target zone slightly but then bounced up. The Ruble is now finding resistance at the Ichimoku Base Line. There are two moving averages in the cloud system, the slower and the stronger is the red (Base Line) and that’s where the price is now. This point will also act as an additional resistance point due to it being supported when the Ruble was headed down. The beginning of the support zone now acts as resistance. Price is trying to clear that area on the weekly chart. It hasn’t yet. We’ll see over the next few weeks if the Ruble is able to break above.  

If the Ruble clears the current resistance area, it’s almost certainly is going to move up to test the Ichimoku Cloud above it and likely go through it. 

Russian Ruble Daily Ichimoku Cloud Chart

The daily chart shows a clear downtrend. The downtrend started in October and the Ruble has been struggling since. At the Wave 6 high, the price was rejected by the Ichimoku Cloud and bounced strongly down. Since the Wave 7 low on March 7th, the price has moved back up again. Price is above the Base Line. The momentum has shifted up as the Conversion line has moved over the Base Line. This momentum shift is a bullish sign but the price is sitting at a resistance point. Price has to breakthrough resistance points on both the weekly and the daily charts. The daily resistance is a .618 Fibonacci retracement between the zero and the seven waves.  

Should the Ruble break through this resistance area over the next few days, it’s going to be a very bullish sign. Price would then move up to the .786 Fibonacci level, which places the market just in front of the five-wave and an old Span A.  These areas will provide significant resistance.

The Ruble does have a very thin sinking cloud, which price is going to encounter. Thin Ichimoku Clouds, do not act as overly strong resistance. However, the Ruble could remain flat until price passes through its daily cloud, and then the price may head up. That process would be the most likely scenario. The market looks like it may want to head up to the .786.  

On the other hand, the Ichimoku Cloud could hold the Ruble back and the price may sink in a fairly steep retracement back to the old targets.  The Ruble would have to trade down and break through the two moving averages, so it is less likely. 

Russian Ruble 60-Minute Ichimoku Cloud Chart

Price on the 60-minute chart has been leading the way up with a strong uptrend. Price and the Lagging Line, the blue line lagging behind price, are both above the Ichimoku Cloud on the 60-minute chart. The uptrend wave count started back on March 7th and had a recent big 5 wave. Price is at a typical 1.618 target which will act as a resistance zone. It’s likely the Ruble will continue down and flatten for a while on the 60-minute chart. A horizontal move will let the Ichimoku Cloud catch up to it. Remember, price does not like being away from the Cloud for too long.  

The overall takeaway is the Ruble is facing strong upside resistance and is overbought. Price is going to flatten with no immediate big move coming. However, the Ruble is approaching a point where it will make a decision. The market is at an inflection point. It will be interesting to watch. Does the G7 holds its ground and the Ruble heads back down again or are the Russian’s Ruble payment demands met and the Ruble rises.

Ichimoku Cloud analysis shows USD/JPY continuing to be bullish into 2022.

Weekly USD/JPY Ichimoku Cloud Chart

USD/JPY price has encountered resistance at the equal length swing target zone. The weekly trend remains up with prices above the Ichimoku Cloud. The Ichimoku Cloud Lagging line is well above price and the momentum is up.

The weekly price looks to be consolidating at the equal length swing point. Should price cleanly break above the equal length swing and the weekly Ichimoku Cloud Wave 3 high, it’s likely to work its way to the top of the weekly target zone at 121.028.

Daily USD/JPY Ichimoku Cloud Chart

The daily USD/JPY trend remains up with prices rising along with the Ichimoku Cloud. Price is making higher highs and higher lows as the Ichimoku Cloud Waves continue upwards. Daily prices as shown in waves 7, 8, 9, and 10 are becoming more congested due to the weekly chart hitting resistance but the bulls are not letting up.

Should the bulls succeed at pushing the daily prices above the congestion expect the market to rise towards 118.215 in the target zone.

60-Minute USD/JPY Ichimoku Cloud Chart

USD/JPY on the hourly chart has been in a solid uptrend. Price is above the Ichimoku Cloud and the momentum is working to stay up. Price is trying to break above the Wave 5 high but the Lagging line is struggling to get clear of price. With the resistance on the higher time frames, the price may continue sideways before moving higher.

Anticipate the bulls will retain control and look for USD/JPY to extend higher.

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Apple is one of the stronger markets on the board. It’s working hard to pull up the weaker players.

Apple (AAPL) Weekly Ichimoku Cloud Chart

Apple is in a solid uptrend above the Ichimoku Cloud. The recent down move in the US stock indices appears in Apple as a retracement to the Ichimoku Cloud Base line. The down move early last week was recovered by the end of the week, leaving a strong looking bullish weekly candle.

Apple has more upside potential and looks to be positioning on the lower time frames for another move towards the 198.16 target.

Apple (AAPL) Daily Ichimoku Cloud Chart

Price has broken out of the daily Ichimoku Cloud and is continuing back in the direction of the daily uptrend. However, the daily chart indicates Apple is not yet ready to make its move. The Ichimoku Cloud Conversion line is still below the Base Line indicating price does not yet have upward momentum.

Additionally, the Ichimoku Cloud Lagging line is sitting under price holding back the bulls. Once momentum shifts upward, look for price to break out and head quickly toward the January pivot highs around 182

Apple (AAPL) 60-Minute Ichimoku Cloud Chart

A new uptrend has been established on the 60-minute chart. Price is above the Ichimoku Cloud, the Lagging line is above the Cloud and the momentum is up.

Price, though, is overextended on the hourly chart as it has pulled away from the Ichimoku Cloud. Monday price action broke through the target resistance zone and reached its extended target. After strong moves, expect consolidation periods before the next break.

Price on the 60-minute chart has encountered resistance at the extended target. A long Span B at 175.55 should also act as resistance making it harder for the bulls to launch.

Once the 60-minute price clears resistance, anticipate momentum on the daily chart to turn up as well. AAPL is then clear to take off to the daily upside target of 208.50.

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The Bears are in control of USA stocks on the short and medium term trends but the longer term weekly trend remains up.

S & P 500 Index (SPX) Weekly Ichimoku Cloud Chart

Last week was a big down week in the SPX as shown on the chart by the relatively big down bar. However, the overall weekly SPX trend is still up. Price has broken through the Ichimoku Cloud Base line but price has not reached the Ichimoku Cloud. The markets weekly momentum remains up. Price looks to be testing the pivot low from 10/4/21.

S & P 500 Index (SPX) Daily Ichimoku Cloud Chart

SPX appears to be in a free fall on the daily chart. When price broke through the equal length swing of wave 20 to 21 at 4548 it fell quickly. Price hit both daily profit objectives and found support at the Span B and Fibanocci .786 target.

Price could extend down further to 4301 at the wave 18 old pivot lows.

S & P 500 Index (SPX) 60-Minute Ichimoku Cloud Chart

Price was rejected by the Ichimoku Cloud at the top of wave 2 before the big down move. Price has dropped into our Ichimoku Cloud wave target zone.

As price has exceeded the .618 target within the wave target zone, expect a reversal bounce. The reversal bounce is unlikely to change the trend, rather look for price to pull back towards the Ichimoku Cloud.

Price is very extended from the Ichimoku Cloud on the daily and hourly charts with its latest down move so anticipate it will take a breather before making its next move.

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The Ichimoku Cloud shows bullish opportunity on BRENT crude.

BRENT Crude (BZ1) Weekly Ichimoku Cloud Chart

As seen in the weekly Ichimoku Cloud chart above BRENT is retesting the old highs. There is profit potential should price break through the weekly high pivot point (5) as well as the 87.69 (equal length swing point from the Ichimoku Cloud waves of 4 to 5 to 6). The weekly momentum is turning up as the Ichimoku Cloud Conversion line has moved above the Ichimoku Cloud Base line.

Should BRENT break up as anticipated, it will head to the Fibonacci .618 target 98.11 from the Ichimoku Cloud waves of 4 to 5.

BRENT Crude (BZ1) Daily Ichimoku Cloud Chart

Daily price has moved again into an Ichimoku Cloud up trend. Price has reached old pivot highs as well as the Fibonacci .618 target 86.19 from the Ichimoku Cloud waves of 0 to 1.

Price still has to push past the extended Fibonacci targets under 87 from the Ichimoku Cloud waves 0 to 1 to 2.

As daily price breaks higher toward the weekly target of 98.11, anticipate a daily retracement back towards the Ichimoku Cloud, as the Cloud is an equilibrium point. A retracement will provide additional buying opportunities and shorter term daily Fibonacci targets.

BRENT Crude (BZ1) Hourly Ichimoku Cloud Chart

BRENT has shown strong bullish action on the hourly chart as price went to its extended Fibonacci target. There was a minor retracement to form the 10 wave but price found support at the Ichimoku Cloud base line and then retested the highs.

Once price breaks up it will head towards the next target confluence point just over 88. The equal length swing target is 88.45 from the 8 to 9 wave. The Fibonacci .618 target is 88.24 from the Ichimoku Cloud waves of 8 to 9.

Momentum in BRENT Crude is up, price may flatten, but then should resume it’s upward trend.

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