captain_smollett

UKOIL. 5-Wave movement ending next week

FX:UKOIL   Crude Oil (Brent)
172 1 8
UKOIL             started one more raising leg and the target depends muchly on the producers meeting in Qatar. If by the 18th of April there will be no solid agreement, Oil             will finally plunge.

Until then, we still have waves 4 and 5 to be run next week. Final target is around mid-43, if you swith to Daily TF, you will see that 200 MA resides on that level, therefore, will be a major resistance for further move up.

Once again, if that Qatar meeting delivers strong and defined results, we can find ourselves on 50s really soon. Otherwise, there are who to say that we can even see 20 Figures on this quote.

Entry levels, SL and targets according to the chart. Good luck!
Doha meeting expectations in action: UKOIL overbought but still can go higher. Armed for short on Monday
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