zhipengcfel
Long

UKOIL trading opportunity (2016-07-03)

ICEEUR:CB1!   Brent Crude Oil
UKOIL             has a similar structure with USOIL             which might have finsihed the correction wave 4.
Break out of the resistance zone at 50.5-51.2 will confirm the start of wave 5.
It is a good opportunity to trade the wave 5 if it was confirmed.
Trading suggestions:
Go long when it breaks out of the resistance zone at 50.5~51.2 with SL at 49.9
TP1: 53.3
TP2: 58.5
TP3: 62

Good luck for everyone!
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