0.382 of long term channel - time to reverse Short

Crude Oil (Brent)FXCM

Description

⋅ Apr 21, 2016 10:57 AM

UKOIL remains in long term channel with tops i VII`08, II`12 and VI`14. Bottoms from XII`08 and recent I`16. 0.382 of this channel was major support throughout 2015. Should it be a right place to reverse current upward trend?

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