NYNick
Long

Brent's Blue MAGIC channel

TVC:UKOIL   CFDs on Brent Crude Oil
was looking at the set up for a while and found this nice Blue MAGIC channel for Brent's - see the chart. So, we are in the downward looking channel, that we have gone out and returned back to. usually, in that situation I would expect to reach the upped bound of this channel. hence, we are going towards 63.6-.8 on Brent (LONG) and what's higher I would see as a nice SHORT opportunity. the same is seen on WTI.
Trade active: The idea is still ON, the channel is sill valid, putting stop at 58.2 for the targets marked by levels above
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out