olepederk
Long

Shorttermlong in a Bearish Environment

FX:UKOIL   Crude Oil (Brent)
The bull move since January is still going strong. It seems like they all put their piratepatches on both eyes and are now going with the trend.

Also take a look here at the resemblance for the start of this year and the start of 2015. HS formation formed in both cases, ended up fulfilling in the same way. After this followed the volatile way to the top.

There is no foundation that will keep the oil             above 40 for more then a few months, In the next few weeks we will see the 2016 final top, before we move on down for the rest of the year
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